While the New York Knicks certainly weren't in the same boat as the Toronto Raptors when it comes to putting all their eggs into Steve Nash's basket, they definitely should feel a bit spurned now that Nash has been flipped to the Los Angeles Lakers.
Basically, they were hoping that Nash would be the glue to put together the strange set of players that populate Madison Square Garden 42 times a year, and it didn't happen.
There's time to sulk, but that time should be in December or January, after Nash and the Lakers come to town and torch them for 120 points. Right now is the time for action.
The absolute first thing the Knicks need to do is put together their plan for Jeremy Lin. They have no point guard to speak of (that's any bit reliable at least), so they're going to need to lock Lin down before they are left in the same situation they were in last season.
The basketball side of the situation is still very much unknown, but there's no way the little fellow doesn't bring back the money paid to him in jersey sales, ticket sales, advertising revenue and ratings. Pay the man and worry about the implications in the future.
The Knicks then need to decide on who to re-sign from last season, and who isn't worth the number 20 on their jersey.
Currently, the Knicks own the Bird Rights to Steve Novak, Baron Davis, Landry Fields and Jeremy Lin (already discussed), and have Mike Bibby, Jared Jeffries and J.R. Smith as expiring free agents.
What they need to do is prioritize who to go after (which should be something like Steve Novak, Baron Davis and J.R. Smith), while getting rid of the rest (which means Mike Bibby and Jared Jeffries). Also, they should really be looking into the Landry Fields situation.
What are the Knicks to do about Landry Fields at this point? On the one hand, he's an extremely mediocre player who thinks he's better than he is after signing a ridiculous offer sheet with the Toronto Raptors. However, he was also the guy that was once labeled as "untouchable" in the Carmelo Anthony deal.
Is it time for Donnie Walsh to admit that he made a mistake and move on, or stubbornly eat up money and re-sign the guy.
Knowing the Knicks, option two seems more plausible.
The fourth and final step for the New York Knicks is to decide on what to do with the mini mid-level exception that they're going to have available after Jeremy Lin eats up the room between the salary cap and the luxury tax.
It's been said that they're interested in Raymond Felton again, but word is they'll go for a sign-and-trade with him rather than using their exception.
New York should then target someone who is going to be like Alka-Seltzer to their lineup—someone who can score a bit, but play defense and mellow everyone out.
It looks like the best options left, then, would be someone like Jason Collins, Boris Diaw or Joel Przybilla.
Now that they know what they have to deal with, the Knicks have a lot to do. Let's just hope they make better decisions than they have in the past.
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