I live in NYC and was listening to the radio after the trades went down. Once broadcaster finally did the job none of the others wanted to do. He broke down the salary cap and the Knick's payroll. Everyone here in NY seems to think that it is a lock that they are going to sign Lebron and Wade, of course this is an extreme long shot, but you have to look at the financial reality of it.
If the Knicks were to sign both James and Wade to max contracts they, that would leave them with a team of Wade, Lebron, Gallinari, Chandler and Toney Douglas, and they would be pretty much at the salary cap. The entire remainder of the team would have to be filled with minimum contract players. Is this a situation that would interest Wade and Lebron, sure they would be playing together, but the rest of team would be comprised of complete garbage.
However, look at Miami's situation. If they were to sign Lebron and Wade, they would be right around 40 million dollars, using this year's salary cap of 57.7 million (which is going to drop) they could field a very good team with the remaining cash.
Just imagine if Miami were to make these signings (I think these prices are mostly realistic).
Shaq - 8 mill
Udonis Haslem - 3 mill
Jason Williams - 2 mill
Raja Bell - 2 mill
Eddie House - 2 mill
This puts them at right about the salary cap.
Marcus Camby - 4-5 mill using the MLE
That's a line up of:
Jason Williams/Mario Chalmers
Dwyane Wade/Eddie House
Lebron James/Raja Bell
Michael Beasley/Udonis Haslem
Shaq O'Neal/Marcus Camby
I am sure there may be some flaws in my plan, this may not work in the salary cap structure, someone that knows more than me can correct me. However, if this situation could play out, Miami could be very, very scary. Don't forget, Miami has no income tax and it has South Beach, two things that players will find very desirable. If Lebron and Wade are really as interested in playing with each other as it seems, the rest of teams in the NBA could be in trouble.