There ended up being quite a bit of deadline movement-- including deals for supposed Knick targets Goran Dragic and Reggie Jackson-- but the Knicks were only lightly involved. That's very okay! And I think it was to be expected. New York will sit on cap space until this summer, and perhaps beyond.
The rest of this year for the Knicks will be fun. Really! Their active roster now is Jose Calderon and a mess of young bros, fringe NBA players, and gentlemen on expiring contracts. Those guys will show off whatever they've got in hopes of a job next season in New York or elsewhere.
That's not even the fun part. The fun part is that the Knicks have an open roster spot vacated by Amar'e Stoudemire and may open more by cutting guys they just failed to trade. Bring in some D-Leaguers! Bring in some players who get waived as part of deadline deals! Shell out some 10-days, have some fun, and maybe find someone you'll want to keep!
Pressure is gone, players can relax, and the Knicks can go ahead and mess around for 29 games. This is the home stretch, and it should be the best part of a long, yucky season.