This time, though, the Suns don't have a future Hall of Famer to offer the Knicks in return for their future star, making a trade a huge mistake for New York.
It looks like any potential trade would be based on the Knicks taking a lesser player in Jared Dudley, with draft picks added to even things out.
And as nice as it may be to think about the Knicks potentially having one or two lottery picks in the next few years, there's nothing that Phoenix can realistically offer that would be worth accepting.
The Knicks are a win-now team, and their No. 1 focus has to be on how they can improve their chances to win it all this season. Anything beyond that is secondary.
Letting go of Shumpert would be a major hit to the Knicks' chances. Though he's only played 11 games this season, the charismatic guard is clearly a big part of the team's chemistry.
Shumpert created the idea of "KnicksTape," runs the team's pregame routine and even made a song about his teammates whilst rehabbing from his ACL tear. He's also one of the Knicks most popular figures, both amongst his fellow players and the fans.
Those are things that simply can't be measured or valued properly in any trade.
Even when you look only at his on-court value, it would be stupid to let go of someone so good defensively, especially when he happens also to be one of the most athletic players in the league.
Shumpert has even improved his jump shot this season, and learning behind a player like Jason Kidd he really has unlimited potential if New York resists the temptation to pull the trigger on a trade.
The Knicks would have all the power in any trade negotiations with the Suns, but you just don't make a chemistry-killing trade like this when you're doing so well, standing second in the Eastern Conference.