Best case scenario for us:
We trade Rasheed, Gaffney, and LaFayette, cash, and a #1 to New York. We sign David Lee to a deal beginning at $9.9 million per season. New York cuts Gaffney and LaFayette, and Rasheed retires, leaving New York's cap space intact.
Of course, I don't see a ton of incentive for New York there, since they're giving up an asset for not much of anything, but that's how we could structure it.
I like this idea. That's probably in Lee's range, he'd be a great fit here (for those worried about our defense, our defense was great last year except for securing the ball after missed shots; i'll gladly take lee's defensive rebounding with his other shortcomings...let other celtics cause the misses, Lee sweeps them up), and for NY, they're all about the capspace anyway, right?, so they would be able to pick up an extra first rounder for free.
Problem is, NY doesn't gain cap space - they lose cap space. Right now, they can just renounce Lee's rights and not have him on the cap at all. Rasheed, until a decision comes, still counts as $6.3 million on their cap, and if he retires, I understand they have to carry half his salary ($3.16 mil) on the cap, which can't be traded so it doesn't help the Knicks. Even a smaller buyout of $1-2 million counts as $1-2 million against the cap.
I thought it could work in a three way deal where we send Rasheed's contract to another team looking to make a quick buck (getting $3 mil to pay $2 mil to Rasheed to buy out his contract and carry the empty money on the books for the season) while sending a max free agent to New York, and New York sends Lee to us on a five year deal starting at $8 million. But it looks like New York will sign Amare to a max five year deal as a free agent, and I don't think there's anybody else out there who's gonna want to sign in New York as a free agent.
I would love to see it though, I think he'd be a great candidate to pick up. Size, rebounding, inside scoring, efficiency. His defense obviously needs work but I don't think he's averse to putting that work in; I just don't think it's been emphasized for him to this point in his career while it would be here.
I think Danny's probably - if he truly has spoken with Lee's agent - just doing his due diligence in saying "we would give you a deal at our full midlevel if that's where you end up having to go, but if any situation arises where the Knicks start talking to you about a sign and trade, call us and we will jump in to do what we can to get you up here and on a winning team."