Now It Looks Like a Sign and Trade!

Okay, this is interesting: apparently the Tyson Chandler deal is now a sign and trade with Dallas and the Knicks might even be keeping Chauncy Billups instead of using our amnesty power on him! This is getting very interesting! Go Knicks!

UPDATE: So it looks like Dallas will only take back 1 low salaried player to create a trade exception. Thus the Knicks will still have to amnesty Billups to get under the cap to make the trade and take on Chandler's salary. Oh well. They may have another trade or two they can make after this.

UPDATE: Turiaf has been traded to Washington for what would appear to be a trade exception of his full salary. This could be really useful if the Knicks try to find a better 1 or 2. Though I now believe they see Iman Shumpert as a 1, and might bring Bibby in to tutor him. In that case, I think they'd go make a trade for a 2 who can score.