This looks like a great deal for all teams, which is actually a little weird. LA gives up a pick but saves almost $9 million, when picks are generally sold for $3 mil. Houston gets the best player. NJ gets two first rounders and an expiring (that can still be flipped by the deadline).
I doubt NJ has much of a shot at Melo, but if they can flip the two first rounders they got, plus the expirings of guys that don't play for Iggy, then I'd say a T.Williams for Iggy deal is actually quite awesome for NJ. That's their best bet, IMO. Harris/Iggy/Favors(eventually)/Lopez, plus the best defender/shooter between Morrow and Outlaw (I'd say Outlaw), and they look pretty good.