Wow. Lots of very interesting opinions.
AD's trade demand has opened up multiple opportunities and a strategic insight into their post-AD thinking. They have basically put the rest of their veteran's on the chopping block and the only thing they'll get from LA are yesteryear's disappointing lottery players and a few over-achievers whose ceiling is little more than a rotation player or two. In other words, they're in a full rebuild asap.
If they couple their pick with ours this year they'd reboot with two very high picks. That, IMO, trumps anything LA can offer.
A second possiblity is bundling KP with our pick [plus a sweetener or two] for AD and *their* pick this year [say, top five protected].
But another consequence of this trade demand is (assuming we don't get AD) is that they have some players who may be of interest on the table. Maybe there's a secondary match there.
But the real elephant in the garden is the fact that this represents an existential crisis for the FO.
Abandon the long runway rebuild that we are in year three of OR stay an uncertain and risky course. The former ensures the Knicks a franchise cornerstone with NBA cred and the latter gambles that KP comes back at full strength, that the pick we get isn't a bust, and that the cap space clearing isn't wasted on mediocre talent that is rewarded with a mega-star contract. And, every true Knicks fan, knows that the latter risk is a familiar pattern.
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The rebuild does require a longer runway than most fans imagine. Our youth are at least two years away from NBA maturity. The issue isn't talent per se but hardening and discipline. No amount of free agent shenanigans is going to change that. Any FA signing that has a whiff of "win-now" will result in a fire sale of the rebuild assets anyway.
The acquisition of AD runs that same risk. The FO will want more maturity than potential on the court. That changes the acquisition targets now and this summer. The Knicks will no longer be running a seasonal development camp to hold the interest of teenagers but instead be looking to for close order drills by hardened vets.
And given this state of affairs, I'm not buying the argument that a trade for AD empties the pantry.
As a few other posters have suggested, KP *has* to be the central trade chip - talent for talent. But because its a trade that will inevitably involve some bidding - trading lottery positions this year with the Pelicans getting the better of the two positions sweetens the deal significantly.
They'll be looking for cap relief and a couple of inexpensive, youthful contracts - Kanter as an expiring to make numbers work and Kornet and Trier to seal the deal.
That leaves the Knicks with a pretty decent mix of veterans and youth to reconstruct a team with.