If I Were The Knicks GM, I’d…

With one day of the NBA’s 2010 free agency in the books, some developments have occured that might alter New York’s plans. What would I do with how the chips current lie?

Plan A – This is still LeBron James. A lot of speculation was that New York needed to sign James along with a second superstar to make a championship caliber team. Of course signing another top tier free agent would be ideal, it’s not necessary. First, New York has Eddy Curry’s contract that they can use in a sign and trade anywhere between now & the trading deadline. At worst they can let it expire & use that money to sign another player.

Second, I’d say that James, along with re-signing David Lee would make New York one of the best teams in the league next year. Why? New York theoretically could surround James (60.4% TS%) and Lee (58.4%) with Gallinari (57.5%), Walker (65.1%), and Toney Douglas (57.1%). That would be an incredibly efficient lineup. Although they might be lacking on the interior especially with rebounding at the 4, that would be one heck of a difficult team to shut down defensively. They could easily lead the league in offense with enough room to cover an average defense, much like D’Antoni’s 60 win Phoenix teams. Additionally Lee would give them some extra cap room to sign a few players for depth.

Plan B – See above, but substitute Dwayne Wade for LeBron James.

Plan C – Here’s where things from day 1 make it interesting. In the likely event that James and Wade go elsewhere, supposedly the Knicks were high on pairing Joe Johnson with another big man (Bosh? Amare?). But it appears that Atlanta has put the kibosh on that plan by throwing a max-ish offer at Johnson. (At this time the rumor is unclear if the offer is for the full 6 years, or just 5). New York’s backup option was likely Rudy Gay, but that option has been taken off the table by Memphis’ deal worth $86M over 5 years.

So let’s assume that LeBron, Wade, Johnson, and Gay are all off the table. What are the Knicks to do? The obvious option would be to bring back David Lee along with one of the top big men Amare Stoudemire or Chris Bosh. Bringing Lee back would be key, considering that he would likely cost less than Bosh or Amare, giving the Knicks the ability to sign another mid-tier free agent. Perhaps a player like Mike Miller or Josh Childress would come to New York for a discount. If not they should be able to land someone decent, if not one or more of the bargain bin players that Ted Nelson brought up earlier in the week.

A lineup of Stoudemire/Bosh, Lee, Gallinari, Miller/Childress, and Douglas with the bench of Chandler, Walker, Fields, Rautins, and James should easily make the playoffs. Depth would be a concern (especially at center & point guard), but the team would still have Curry’s contract to use for an upgrade at those spots.

Plan D – If Bosh and Stoudemire go elsewhere, the Knicks aren’t likely to have a good 2010. Their best option would be to make a trade for a superstar. Of course this is where Walsh’s mid-season trades hurt them, because they lost some assets they could have used in a deal. Chris Paul and Carmelo Anthony could be possibilities, but the team inevitably would have to send their prized youngster (Gallo) along with a few other players. Depending on how this plays out, they could still have Lee (or not) and cap space (or not). The idea would be to grab a superstar now and hope to eventually surround him with talent. Paul or Anthony surrounded by marginal talent would be an upgrade for New York, but depending on the cast might struggle to win half their games.

Plan E – Hope New Jersey gets some free agents and wait for them to move to Brooklyn. Sell all my Knicks related stuff on eBay.

OK so it’s probably an overstatement, as the team would be best served by going lean for another year & hold onto their cap space. The worst part about this scenario is that Walsh’s past year would have been one big mistake. Not resigning Lee to a moderate contract, and trading some future draft picks (plus Hill) to get rid of Jeffries’ contract will have hurt the team tremendously. For another year they would be a losing team without the benefit of having their own first round draft pick. On the other hand, the team wouldn’t be hamstrung by a handful of overpaid players for the first time in what seems like a generation.