two big trades today, sending Jamal Crawford to the Warriors for Al Harrington and Zach Randolph and Mardy Collins to the Clippers for Tim Thomas and Cuttino Mobley. From a "win this year" standpoint, they look like horrible trades. From a "let's get LeBron in 2010" standpoint, they are small miracles.
The Knicks have completely transformed their salary cap situation in a single day. All three players they traded for come off the books before the summer of 2010, or the "Summer of LeBron."
The only downfall to this scenario is if King James decides to go elsewhere during that magical summer, although the Nets are becoming a less attractive alternative due to their arena troubles. Another small conundrum is that the Knicks are bound to be a less-than-average team for the next few seasons, settling for mediocrity, and holding their breaths for a savior.