So, there goes that. I'm feeling pretty weird, having gone from "the Knicks have no shot at Nash" to "the Knicks might have a way to get Nash!" to "the Raptors pissed on the Knicks' way to get Nash!" to "the Knicks have a new way to get Nash that loses one of their most promising and lovable players!". I'm really disappointed that New York didn't manage to reel Nash in, but I had major, sickening qualms with the Iman Shumpert-centric package that populated all the rumors.
I suppose this pretty much solidifies New York's intention to match any offer for Jeremy Lin (though it sounds like that was never in doubt), and it rekindles their pursuit of a suitable back-up for the mid-level or a minimum contract or something. Jason Kidd? Pablo Prigioni? We shall see.
Oh well. Get right, Shump.
Update: Good point by Alan Hahn:
Key to remember: Knicks still have pieces without Iman for a $6m sign&trade free agent. Expect them to remain aggressive.
We know now that the Knicks have the pieces to put together a small-to-medium-sized sign-and-trade. That could get them a point guard, for instance, who's slightly outside of the mini-MLE price range (I've seen a few people mention Ramon Sessions).