I hesitate to even mention it because of the source, but it's still perhaps the most interesting Bulls story floating around the net. The Bulls and Knicks are rumored to be discussing a trade which would bring Carmelo Anthony to Chicago prior to the trade deadline.
The original link is over at Hoops Nation which strikes me as a source more likely to make up a story to troll for hits than one with genuine connections into the NBA trade pipelines. It's also worth noting that Mark Stein said there was no chance of a deadline deal between the teams, and Stein's pretty connected.
That said, the suggested parameters of the trade are:
Melo, Felton, Shumpert (total: $27,020,726)
Boozer, Hinrich, Snell, Butler, 1st ($21,880,920)
That's close enough to make the salaries work. However, the trade makes little sense. I'm sure the Knicks wouldn't mind dumping Felton in a rebuilding situation, but why include Shumpert? The Knicks seem likely to get some positive value back for him in another trade, so there's no need to dump him.
In fact, the same trade makes a lot more sense if you remove Felton + Shumpert and include J.R. Smith. The Knicks would love to part ways with Smith at this point, who's contract is more significant and whom is playing much worse than either guy in the trade. Granted, the Bulls would need to pick up two minimum players instead of one in that scenario.
Also, the return for Melo seems a bit on the small side. Boozer's a 16.8 million dollar penalty next season. Hinrich expires (makes sense), Snell is some type of asset I suppose, but certainly not worth much. Butler's a nice player, but he's far, far away from a special player, not a future all-star type player, and his cheap deal has but one year left on it.
They get a 1st rounder thrown in, even if it's the better of the Bulls/Charlotte pick this season, that's not a great. To be honest, I'm not even sure Snell + Butler + pick as a positive is worth all that much more than simply the negative of taking Boozer on for next season. Granted, the Knicks will save massive amounts of tax money with this trade (probably 20 million or so), but Boozer will cost them far more than that next year when his entire salary will be in tax land.
Effectively Boozer would cost the Knicks something on the order of 30-50 million next year depending how deep the team is in the tax. Maybe the Knicks love the pieces they're getting back, but how on Earth do you justify sticking Boozer's 17 million in the luxury tax for that type of return? Quite simply, you don't. The trade barely makes basketball sense if you KNOW that Melo won't resign. Financially it's a train wreck.
Maybe the Knicks have already given up on Melo resigning, but I'd bet the Lakers would give up Pau Gasol and a top 8 protected pick this year for Melo which would probably be a better return and save the Knicks perhaps 50 million dollars vs the Bulls deal. Of course, much like Chicago, L.A. would likely want a commitment from Melo.
Which then gets down to where will Melo be willing to go? Is L.A. with rehabilitating Kobe on his list? Does he think they'll turn it around fast enough to compete for the title? Will he be willing to land in Chicago? Maybe either one? Who knows.
What I do know is this. The parameters of a trade that have been laid out make little sense for the Knicks. In fact, I'm not sure you can come up with any parameters that make sense for both teams right now which is why all the NBA experts are saying a trade isn't going to happen right now.
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