First of all, you have to credit D. Walsh for trading away two pieces that neither team apparently wanted in the first place.  But how does this specific trade affect the Knicks?

I assume that this trade makes it less likely that Memphis would want D. Lee.  We've all seen what a Lee - Randolph pairing can do defensively, after all.  With Portland probably signing Hedo and Detroit looking more or less done, does this make the chances of re-signing Lee a little brighter?  Really the only under the cap team left to worry about is OKC, as I understand.   Which, given their lack of frontcourt depth, may be worth noting.