Just talking starting 5, you are looking at:
Frank Ntilikina
Courtney Lee
Carmelo Anthony
KP
Noah
Looking at that team, it lacks identity.
I'd rather start with
Baker
Lee
Mindy
Melo
KP
But, with the offseason around, why add salary? And why waive Melo.
Pretty much stay put and maintain cap flexibility to make deals.
Use the season to move Melo, Noah, Lee, Thomas if possible.
I don't have high expectations for this season. Maybe use it to hire an analytical president and build infrastructure to be competitive.