It's tough because you see a package like "Gallo, AR, Douglas" and you immediately want to think "no freaking way we should do that."
Still, even with all 3 of the above guys in a potential deal, you look at what we would have left and realize that the Knicks wouldn't exactly be depleted (Amare, Melo, Felton, Chandler, Fields, Mozgov, Turiaf, Kenny A). Hell and who knows, you get Melo and maybe it entices Paul even more to come to NY in a couple of seasons (kind of like the Miami trio that was formed years before it happened).
It's tough because I don't think anyone wants to break up the current squad without seeing what it can do, but if it means bringing in a star wing to pair up with your star front-court player, it's something you probably have to consider if you're running the Knicks since this team hasn't been relevant in so long.
Would I pull the trigger? No, I don't think I would at that cost. Who knows what shape Melo is in after this summer and I don't think him + Amare competes with Miami. Adding Paul to Melo + Amare would bring us close to that level but even then, I think Miami's big 3 would still beat us most of the time. Now, if we are able to keep one of Gallo/AR out of a potential deal, I think it's something you have to seriously consider. Again, this is assuming that Melo/Denver refuse to play out the year together and that a trade is necessary (getting him through FA would obviously be the top option).
The only good thing about this whole Miami thing happening is I don't think we should be desperate because of it. Putting together a group of guys to compete with LeBron, Wade, and Bosh isn't an easy task and I don't think we are in a position right now where we can make that happen within a year. That's why I really like the path we're on right now with guys like Gallo, AR, Douglas, Chandler, Timofey, etc. Yeah we probably won't make the most of Amare's short-term window if we stay on the current path but it's probably the only way to potentially win a title within the next decade as it's going to be extremely difficult to win with veterans right now since all of them are already joining forces in various cities. If we keep stockpiling up on talented, long, and athletic players though, maybe we become a force to be reckoned with once these young guys hit their prime and the vets in the league are on the decline.
"This is a very cautious situation that we're in. You have to be conservative in terms of using your assets and using them wisely. We're building for the future." - Zeke (I guess not protecting a first round pick is being conservative)