ATLANTA, GA – FEBRUARY 08: Tracy McGrady #1 of the Atlanta Hawks reacts after a three-point basket against the Indiana Pacers at Philips Arena on February 8, 2012 in Atlanta, Georgia. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Kevin C. Cox/Getty Images)

ESPN is counting down the best players in the NBA from 500-1. Former NBA great Tracy McGrady ranks 240 on the list.

McGrady spent last season with the Atlanta Hawks and averaged 5.3 points, 2.1 assists, and 3.0 rebounds per game during the 2011-12 campaign.

The former first round pick was drafted in 1997 straight out of high school by the Toronto Raptors with the ninth overall selection. He played his first three years of high school basketball at Auburndale High School in Auburndale, Florida, then transferred to Mount Zion Christian Academy, in Durham, North Carolina. In his senior season at Mount Zion, McGrady was named High School Player of the Year by USA Today.

T-Mac’s best season in Toronto came in his third and final year as he averaged 15.4 points in 31.2 minutes per game. That same year in 2000, the duo of McGrady and third cousin Vince Carter helped the Raptors reach the playoffs for the first time in franchise history. However, the team was swept 3–0 by the New York Knicks in the first round.

McGrady then became a free agent in the summer and expressed interest in playing for family and friends in his native Florida. Shorly after, he agreed to a sign-and-trade deal that shipped him to the Orlando Magic in exchange for a first round draft pick.

Orlando was indeed magic for McGrady as his career skyrocketed. He became a full-time starter, averaged 25+ ppg for a season, and was selected as an All-Star, all for the first time in his NBA career during the ’00-’01 campaign.

In that season, he finished with an accurate scoring average of 26.8 ppg and was awarded Most Improved Player in the NBA.

The following year, McGrady continued his great play. He made his second All-Star team and First Team All-NBA while averaging 26 points per game. The Magic posted a 44–38 record but were beaten again in the first round of the playoffs, this time by the Charlotte Hornets.

In 2002-03, T-Mac averaged 32.1 points per game and captured the NBA scoring title, becoming the youngest player to do so since the ABA-NBA merger. Despite McGrady’s personal success, the Magic failed to reach the second round of the playoffs.

During the 2003 Playoffs, the Magic (who were the #8 seed) surprisingly took a 3–1 series lead against the heavily favored #1 seeded Detroit Pistons. Before the fifth game in Detroit, McGrady was quoted as saying how wonderful it was to “finally be in the position to advance to the second round (of the playoffs)”. Orlando, however, lost Games 5, 6, and 7 by an average of more than 20 points, and Detroit advanced to the second round.

McGrady had the game of his life in March of ’04 when set a career-high with 62 points against the Washington Wizards. At season’s end, McGrady had won the scoring title again, averaging 28 points per game. The Magic team as a whole, however, were decimated by injuries and limped to a 21-61 season, earning them the first overall pick in the 2004 draft (which turned out to be Dwight Howard).

Four days after the ’04 Draft, the Magic traded McGrady, Juwan Howard, Tyronn Lue, and Reece Gaines to the Houston Rockets in a seven-player deal that sent Steve Francis, Cuttino Mobley, and Kelvin Cato to Orlando.

McGrady continued his stellar play his first year in Houston. He averaged 25.7 ppg, and was selected to another All-Star game, while playing 40.8 minutes in his 78 started games (both career-highs).

In the 2005-06, T-Mac was hampered by lingering back spasms. The spasms at one point were so bad that he had to be taken out at halftime in a game against the Denver Nuggets on a stretcher and rushed to the hospital because of severe back spasms. He finished the season with an average of 24.4 ppg in 47 starts.

From 2006-10, McGrady had a very tough time staying healthy, his production suffered as a result. In his last three years in Houston, T-Mac’s scoring average and number of games played decreased significantly.

On Feb. 18, 2010, McGrady was traded to the New York Knicks as part of a three-team trade involving Houston, New York, and the Sacramento Kings. McGrady made his debut for the Knicks two days later against the Oklahoma City Thunder to a sold-out Madison Square Garden, amid many “We Want T-Mac!” chants. He scored 26 points, grabbed 4 rebounds, and dished 5 assists in 32 minutes of play as New York lost in overtime. This was McGrady’s first game since December 23, 2009 against the Orlando Magic. He played in the final 24 games of the ’09-’10 season and average 9.4 points in 26.1 minutes per game.

In the off-season, McGrady signed a one-year contract with the Detroit Pistons. On December 7, 2010, McGrady returned to Houston for the first time to a mixture of applause and boos, he scored 11 points, grabbed 3 rebounds, and dished 3 assists in a 97-83 loss. A month later, McGrady scored a season-high 22 points in a 101-95 victory over the Toronto Raptors. T-Mac averaged 8.0 points, 3.5 assists, and 3.5 rebounds in 23.4 minutes for the Pistons but they failed to make the playoffs for the second year in a row.

McGrady spent last season with the Atlanta Hawks. In his debut, McGrady finished with 12 points, 2 rebounds, a steal and a block in less than 20 minutes of action in a 106-70 blowout win over the New Jersey Nets. Less than a week later, he dropped 13 of his 16 points in the fourth quarter against the then-undefeated Miami Heat, to lead the Hawks to a comeback victory. McGrady appeared in 52 games for Atlanta and averaged a career-low 5.3 ppg in 16 minutes per contest.

Once considered one of the NBA’s elite players, McGrady’s career has been a roller coaster of a ride. The fact that his 2011 ESPN NBA rank of 178 plummeted 62 spots to the current mark of 240 reflects just that.

Kevin C. Cox/Getty Images

It only took 16 days on the job for new President of Basketball Operations/GM, Danny Ferry to give the Atlanta Hawks a total roster overhaul. On a team that already looks dramatically different from just a month ago, two core pieces remain: Josh Smith and Al Horford.

Hawks fans knew this summer would be a wild ride for the organization, with 67 percent of last years team gone, a new head honcho at the helm, and a new outlook of the future, how could it not be?

Lets take a look at the Hawks’ player movement to date:

Departures:

Jason Collins, Erick Dampier, Willie Green, Kirk Hinrich, Joe Johnson, Tracy McGrady, Jannero Pargo, Vladimir Radmanovic, Jerry Stackhouse, Marvin Williams

Arrivals:

Devin Harris, John Jenkins, Anthony Morrow, Johan Petro, Mike Scott, DeShawn Stevenson, Jordan Williams, Lou Williams

*** Jordan Farmar came to Atlanta via Joe Johnson/Brooklyn trade but was bought out of his contract

The Hawks enter the early stages of the 2012-2013 campaign with only six players under contract, collectively worth a whopping $61M, leaving Ferry very little options in the free agency market as he must fill 7-9 spots on the team with only $9M to spend. That number could fall to about $7.5M once Atlanta signs their two drafted rookies John Jenkins and Mike Scott.

Atlanta can come to terms with free agents in principle, but they won’t become official until July 11, after the league and union set the projected salary cap and luxury-tax levels for the upcoming season.

Hawks beat writer, Michael Cunningham discusses the organization’s current situation:

“The Hawks are over the salary cap but have full mid-level and bi-annual exceptions available in addition to minimum player salary exceptions.

The MLE can be used to sign free agents for as many as four years at a maximum starting salary of $5 million with annual raises of as much as 4.5 percent. It can be split to sign more than one player.

The BAE can be used to sign free agents for as many as two years at a maximum starting salary of $1.957 million with a raise of up to 4.5 percent in the second year. It can be split to sign more than one player.

Minimum salary contracts can be up to two years in length. The salary is determined based on the player’s experience.”

***

Atlanta Hawks 2012-2013 Player Contracts & Roster Breakdown:

Under Contract:

Al Horford (26), Joe Johnson (31), Zaza Pachulia (28), Josh Smith (26), Jeff Teague (24), Marvin Williams (26)

Expired Deals:

Jason Collins (33), Erick Dampier (36), Willie Green (30), Kirk Hinrich (31), Ivan Johnson (28), Tracy McGrady (33), Jannero Pargo (32), Vladimir Radmanovic (31), Jerry Stackhouse (37)

*** all players with expired deals = unrestricted free agent … Free Agency Explained