If people still really believe all the Paul/Melo hype, the only way to get both is to completely clear the decks like Miami did. Amare is making $18.2M in 2011. Paul is making $16.3M. Melo's max, barring a CBA change, would currently be $18M. We have to dump Felton, Turiaf, Mozgov, AND renounce Gallo and Chandler. The most we can keep is Randolph ($2M) and Douglas ($1M), or instead of those two, retain Mozgov ($3M).
IMO, there's only two possible trades for Paul:
Option 1 - NO OKAFOR (trade the farm -- BRIGGS would hate this)
NY trades: Gallinari, Randolph, Chandler, Turiaf, Walker, 2014 1st round pick, and $3M cash considerations
NOH trades: Chris Paul
- NOH loads up with cheap young talent, but doesn't get any salary relief.
- NY gives up the farm, but by doing this trade, they are one Felton trade away from signing Melo in 2011 (Felton for TJ Ford perhaps?). And you have to wonder, if NY has Paul and Amare on board, wouldn't Melo hold off on signing his extension? This trade would be a gamble, but it's really the only way to open up the possibility of having Paul, Melo, and Amare all on the same team. We wouldn't have much depth besides Douglas, Fields, Mozgov and whoever else we can sign, but that big three would rival Miami's big three, and easily place us as title contenders.
Option 2 - OKAFOR (forget Melo, roll with Gallo)
NY trades: Randolph, Chandler, Turiaf, Azubuike, Curry, 2014 1st round pick, and $3M cash considerations
NOH trades: Paul, Okafor
Same as the other trade, but we take our best player off the table in exchange for taking on Okafor's behemoth contract. This pretty much kills any chance of getting Melo, but a Paul/Gallo/Amare core still has the potential to grow into contenders. Okafor would round out the rest of our starting lineup, and we would look to trade Felton for an SG (instead of just an expiring).
IMO, there is no scenario whatsoever that has us keeping both Gallo and Randolph. One of them is going to have to go in any Paul trade. There is no way NOH accepts a package from us in which the best player we give up is Wilson Chandler.