I'd take back that Amare contract for sure to get out of the extra year of the Wallace and Lee contracts.
http://espn.go.com/nba/tradeMachine?tradeId=q98elhh
Absolutely, I would do this deal in an absolute heartbeat.
We desperately need a starting calibre center right now, and we desperately need a go-to scorer to pair with Green.
Best case - Amare comes back, stays healthy and continues along his 22 Point, 9 Rebound, 55% FG, .174 WS/48 career average. The trio of Rondo / Amare / Green becomes the new Rondo / Pierce / KG and we find outself back into top 4 position in the East.
Worst case - Amare comes back, suffers yet another career ending injury, we end up sucking badly. We get a high ranking in the next draft and pick up a gem in the 2014 draft. Our new draft pick has a great ROY type season in 2014, then wows the league in 2015...then at the end of 2015 Amare's contract runs out and $24M in salary comes off our books so we can sign an All-Star to pair with Rondo and our new young superstar (hopeful).
Honestly, with the current roster we are are fringe playoff team. We are NOT going to be bad enough to be a high lottery team, and we won't be good enough to get past the first round of the playoffs (if that). If we make this trade for Amare we lose Lee, Humphreys and Wallace in the process. If Amare comes back and cannot play, we basically lose those three guys for nothing and become a sure-fire lottery team. If he comes back and plays well, we have a legit shot at a top 4 seed.
I would much rather take Amare his $24M comes off the books after 2015...rather than have Wallace's $10M on the books 2016 and Lee's on the books until 2017. That's an extra $15M saved off our salary in 2016 if we don't make that trade.
Honestly though, I'm not sure the Knicks would do this.
If they keep Amare they have a potential All-Star and pay:
$22M in 2014
$24M in 2015
If they do this trade they have three scrubs and pay:
$27M in 2014
$15M in 2015
$5M in 2016
For a team that has as much money to throw around as the Knicks do, in 'win now' mode and already well over the salary cap, how does it help them saving $2M this year and $7M in 2015? They wouldn't really see a big reward until Wallace comes off the books in 2016, and by that time Amare's contract would have expired anyway.
BUT
If we only send Humphries and Wallace, I think they take it in a heartbeat. In this case they take back:
$22M in 2014 (no change)
$10M in 2015 ($14M salary drop)
That is a major improvement in their cap situation for 2015, and it's quite possible that either Humphries or Wallace could take Amare's place adequately as a backup PF (Wallace) or C (Humphries).
It works for us because we are a rebuilding team. Holding Humphries is really useless for us because even once his contract expires, we still only drop $12M. We are already at about 70M so that only brings us down to about $58M, which is still up around the cap limit and no real use for a team that's in rebuild mode. However, if we trade for Amare then $24M comes off our books in 2016, and that brings us down to about $46M - well under the cap.
Plus in all honest, I would much rather pay $46M to Amare over the next two seasons rather than pay $30M to Wallace over the next three. At least Amare has he potential to teansform the team into a legit playoff threat (if healthy) or catapult is right into the lottery (if not).
Also for those who call me crazy for suggesting Amare (if healthy) can impact the team, just look at his win share stats. Last season he was injured and came off the bench. He averaged 14 points, 5 rebounds and 58% FG in 24 minutes, and those numbers were good enough for a WS/48 of .191 - to put that into perspective the WS/48 of some of our players were:
S Randolf: 0.159 (Yes, I had to do a double take also)
J Sullinger: 0.146
P Pierce: 0.135
K Garnett: 0.133
R Rondo: 0.108
B Bass: 0.101
J Green: 0.099
J Terry: 0.091
L Barbosa: 0.086
C Lee: 0.082 (Yes he was terrible, nobody believes me)
T Williams 0.046
J Crawford: 0.041
J Collins: 0.016
Also just for fun, the WS/48 for the guys we are getting:
K Humphries: 0.109
G Wallace: 0.072
M Brooks: 0.068
K Bogans: 0.047
K Joseph: -0.008
Ouch....
I'll take that gamble on Amare any day.