This, IMHO, is a very realistic scenario, given the way Layden thinks.

It's simple. The Knicks do not buy out Ward's contract. The Sonics sign Elden Campbell for a matching amount (maybe a 2-year deal), and bam, trade him for Ward.

Winners:
The Knicks: Layden gets to spend a little more money for a guy he could potentially get as a FA outright. Knicks overpay, Layden happy! In addition, the MLE is still 100% intact!

Seattle: Gets a starting PG and some value for Campbell. Also keeps MLE.

Ward: doesn't get bought out and earns his full salary rather than $2 mil + whatever minimum wage he can draw-- has an opportunity to start for Seattle-- good pass-first type of PG/leader.

Campbell: Gets more money than he probably deserves-- has an opportunity to be a starter on the Knicks and regain his form against weaker eastern conference opponents.

The Fans: Knicks get a legit center with a relatively short contract. He gives us size, a shot blocker, and post up presence... and gives us more size to compete with NJ... and the Lakers/Spurs. :) Gives us even more insurance should McDyess never make it back.

Losers?
Well... both Seattle and Knicks pay a little more to keep their options open with their MLE's (so it's not a total loss...). Knick fans will groan if Campbell can't find his game-- and they'll complain about adding more salary... and about our rookies losing potential playing time.

This scenario would probably work if you swap in Booth or James-- not sure if the MLE from yesteryear is close enough to Ward's salary...

Hmmm....thats not a bad proposal. Cambell reportedly wants a 3 year deal, but if we could convince him for a 2 year at ~5M a year he might take it. As long as Dolan doesn't mind paying that cash, I as a fan don't care. It doesn't affect our cap number in the long term, and while it may take away time from out younger big guys (KT moves to the 4....Sweetney gets less PT) it does free up time for Frank Williams at the point.

It also saves some MLE money for Lampe if needed.

I believe Eisley's contract is a lot longer than Dampier's.

... obviously a lot depends on whether Arenas re-signs.