Where the Knicks go from here

The good news for New York is that Jackson signed most free agents to short-term contracts that allow the Knicks to reenter free agency this summer. Seraphin's contract is up, and either he or O'Quinn could be moved at the deadline to better balance New York's roster. Afflalo and Derrick Williams are both likely to exercise player options, giving the Knicks the opportunity to make better use of that money -- although also the possibility of re-signing them at higher prices.

New York's roster is still incomplete. In particular, there's a glaring hole at point guard.

Jackson's first trade as executive has been a bust. The Knicks sent out the expiring contract of Tyson Chandler in exchange for point guard Jose Calderon, who was signed for an additional two seasons and will make $7.7 million in 2016-17. The aging Calderon has been a decent triangle point guard but a huge liability defensively.

New York allows 4.0 more points per 100 possessions with him on the court, according to NBA.com/Stats. Jackson may decide to waive Calderon this summer and stretch his contract to create additional cap space.

Alas, the Knicks will have a tough time upgrading at point guard no matter how much money they have available. Fans got their hopes up last week when Memphis Grizzlies point guard Mike Conley told New York reporters that "everything is on the table" with his free agency, but Conley can make more money by re-signing in Memphis for five years than taking a four-year deal elsewhere.

After Conley, there's a steep decline in the quality of the available unrestricted free agents. Another top free agent, Rajon Rondo, said last week he's unlikely to consider the Knicks because he doesn't fit in the triangle. The next best point guards on the market might be Jeremy Lin (unlikely to reunite with Anthony) and Deron Williams, whose last stint with a New York team didn't end well.

Hanging over any decision about point guards is how committed the Knicks remain to the triangle offense. Fisher showed more flexibility this season, going away from the triangle with the second unit in favor of an attack based around more pick-and-rolls to suit rookie point guard Jerian Grant.

However, interim coach Kurt Rambis (a Jackson disciple) ran a relatively pure version of the triangle as head coach of the Minnesota Timberwolves. Whether Fisher's replacement is a triangle devotee will determine whether New York can seek out a more traditional point guard or has to stick with players like Calderon who can be effective without the ball in their hands.