yeah, i'm not sure what their sign and trade options really are if Lebron wants to go there.
Storeytellers has them at 17.783 mill, plus minimum holds is about 23.76 mill. So if the cap is 58 mill, lebron signs for 17, amare for 17 (i think that's what his deal must start at to be worth 99 mill over 5 yrs with 8% raises), that gets NY to 57.76 million, minus two minimum holds for new players, is 56.1 million or so. To do that, they would need to renounce everyone else, so that can NOT sign and trade lee after they sign those two guys, and they canNOT sign and trade Lee before hand unless they take back only vet mins or about 2 million maximum in contracts.
So if they get Lebron and Amare, they can only sign and trade Lee to a team already under the cap so they can take back just 2 million in salary (so no golden state for Randolph rumor; even though randolph makes 2 mill, G.S. is too close to the cap to take Lee's salary on unless it's Lee to 3rd team, player x making 2 mill to G.S., Randolph to NYK) OR Trade Lee to a taem for a nullifiable contract that will not count against the cap (i.e. SHEED!).
SO if Lebron goes to NY, they CANNOT s&t Lee for Ray (no salary room), but they could s&t him for Sheed, Gaffney, Lafayette, and a future 1st (with lee signing 9.9 mill per year) such that sheed retires, NY maintains the space to sign Amare and Lebron, AND recieves a pick to help round out their roster going forward instead of letting lee go for free.