Melo does have the ability to opt out of the final year of his contract, one year before Amare and Tyson's deal ends.
Not that we would have have much cap space anyway though for that one year, when he can opt out.
We would have 2 1st round picks, by then the 2013 1st round pick and 2015 pick, the year Amare and Tyson's deal ends.
Iman Shumpert would also be a restricted FA the same year.
Now is Melo a "TEAM ME" or a "TEAM" player? Does he still want to be a Knick by then?
Will he try to extort the Knicks to another awful contract (like a Joe Johnson/Allan Houston like deal) or would he seek something much more cap friendly, for the Knicks future?
He would not be young by 2014-15, he would be in the league for 11 seasons going to his 12, and at the age of 30-31.
If he Melo puts up great numbers for 2 more years, he probably would opt out looking to maximize his production by looking for a long term deal, which is very reasonable.
However, more important than "STATS",
1) how does his style of play fit in with the teams, Lin's, if he is a prima donna, and does he he have coaching issues?
2) is he still a high volume shooter with poor shot selection? Does he try to make his team mates better?
3) does he get in shape before the season starts and coming in camp both years in good shape or not? if he shows any signs of major health issues and injuries?
4) if he plays hard on the defensive end and what positions he can defend with the SF/PF?
5) what the team has achieved by then in the next 2 years in the playoffs? if we are true contender or pretenders?
6) Will the Knicks even be interested in resigning Melo or rather have the cap space? What FA's will be on the market in those 2 years? Once again, Lebron, Wade, and Bosh would be able to opt out of their contracts, will they be looking like a dynasty, and if Lebron will play us once again?
7) Is rebuilding through the draft ever an option by then? Depending on how many more successful teams we see in 2015? Is Lin's contract is up and if he has shown the ability to be a leader and a starting "star" caliber PG? If he is, would he be okay with being the centerpiece of the team, while we collect assets though the draft for a a couple of years?