Hey, TMS. I went through the math a bit, because you bring up some interesting points. Some of these are going to be estimates, because the Hoopshypes salaries link isn't updated for the new players.
2011 Salary hold as is
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Amare Stoudemire - $18 m (approximately)
Eddy Curry - $0 m
Ronny Turiaf - $4.4 m
Ray Felton - $8 m (approximately)
Kelenna Azubuike - $0 m
Danilo Gallinari - $4.2 m (team option)
Timofey Mozgov - $4 m (team option)
Wilson Chandler - $3.1 m (qualifying offer)
Anthony Randolph - $2.9 m
Toney Douglas - $1.1 m (team option)
Bill Walker - $.9 m (team option)
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Guaranteed, minimum: ~$35m (including cap holds), if we let the team options go, which is plenty to sign Carmelo and then some.
If we trade for CP3 without taking Okafor, then we lose Felton's 8m (there's no way we're keeping both), so that changes things in this manner:
+Chris Paul - $16.4 m
-Ray Felton ~ $8 m
+$8.4 million in salaries (let's assume the others to make the trade work were expirings/team options that we'd lose, for worst case)
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$35m + $8.4m = $43.4m
Add Carmelo, let's say starting at $15 m and you're here: $43.4m + $15m = $58.4 m, which is just about where the cap will be, give or take a million.
So, basically, if we do this, we wind up with the following team:
Amare Stoudemire - $18 m (approximately)
Chris Paul - $16.4 m
Carmelo Anthony - $15 m
Ronny Turiaf - $4.4 m
Anthony Randolph - 2.9 m
Toney Douglas - min
Bill Walker - min
Lose:
Kelenna Azubuike
Danilo Gallinari (probably in the trade)
Timofey Mozgov
Wilson Chandler
So, I think you're basically correct. The one thing is it looks like we could at least keep Randolph. When you do this analysis, IMHO, unless you also send Turiaf, you don't have cap to keep any more of the kids. So, therefore, you could technically justify sending Felton, Azubuike, Gallinari, Mozgov, and Chandler for Paul, Radmanovic and one or two min contracts, since we can't keep them if we're all in for the Paul + Carmelo plan.
Obviously, if we take Paul and Okafor, we don't get Carmelo unless Carmelo is willing to sign on a team with zero other players and only take $11 million first year. In order to do that, we would have to give back every guaranteed contract except for Stoudemire in the Paul + Okafor trade.
Wishing everyone well. I enjoyed posting here for a while, but as I matured I realized this forum isn't for me. We all evolve. Thanks for the memories everyone.