For years many of us wanted this team to build with young talent. We now have it. Each year, Chandler has gotten better. The same for Gallo and TD so far. Mozgov and Fields are both hard workers and we should expect the same with them. That right there are 5 solid players under the age of 24. It's where many of us wanted to be.
Right Now:
NY is, WITHOUT MELO, the 2nd highest scoring team in the league. (106.32)
NY is, WITHOUT MELO, the 2nd Worse team in allowing points per game. (106.09)
Depending on who is traded, it is likely that the offensive status will stay about the same. However, on the defensive end, Melo, not being a defender at all, it may get worse depending on what is given up. Right now, NY struggles with consistency of effort and defense. Much of that can be attributed to youth and inexperience. I think that as these players grow and learn both of these will get better. Melo does not really help on the defensive end. That number could be worse.
For me, I can see trading Chandler. They play the same position and Chandler's deal is expiring. Curry is a no brainer for the cap relief. Even Felton, I would deal as Billups is a suitable replacement as he can run the Pick n Roll. Billups helps with the consistency end of things as he is a leader and a champion. I am for Billups, regardless of his not running SSOL. With STAT and MELO, the team will score no matter what offense they run.
The question comes down Fields, Gallo and Mozgov. I could agree to one of these players but not 2 of them. Mozgov is the only real size the team has. Fields is a young glue guy who may turn out to be very special. Gallo, IMO,is still the best of the young players and potentially can be a solid 3rd star to Stat and Melo. That being said, it seems that all 3 players have qualities the team needs.
In the end, that package is too much to give up. 3 starters and Curry and a #1.
Chandler, Curry, #1 and 1 of (Fields Gallo or MOz) is as far as I'd go. Throw in Felton and Billups if that makes the trade work.
IF they do not go for it, I'd be happy with no Melo for now, drafting a kid this year and adding to the mix via Free Agency, which could still be Melo.