Knicks Rumors: Latest Buzz on Iman Shumpert for J.J. Redick Trade

The New York Knicks don’t seem to be major players at the upcoming trade deadline, but there is a chance they ship one of their emerging young stars for a veteran role player at the deadline.

According to Alex Kennedy of HoopsWorld, the Knickerbockers are discussing a potential deal with the Orlando Magic to swap Iman Shumpert for J.J. Redick.

Redick is playing out the final season of a three-year, $19 million offer sheet he signed back in the summer of 2010 and is currently on the books for just over $6 million, so it will take additional players or a third team to make this transaction feasible under the NBA’s salary cap rules (Shump is earning $1.56 million in 2012-13 and has team options through the 2014-15 campaign.)

Should the two parties agree to terms, it seems that the trade would benefit both sides equally.

The Knicks have an extremely small window to overcome the Miami Heat in the Eastern Conference and win a championship, as the core of Amar’e Stoudemire and Carmelo Anthony is being augmented by talented but aging role players.

Redick would give them another reliable three-point shooter, one that possesses a high basketball I.Q. and veteran craftiness.

Through 48 games this season, the former Duke star is averaging 15.3 points, 4.4 assists and 2.4 rebounds and has embraced a more prominent offensive role with Dwight Howard out of the picture.

Even if Redick elects to leave in free agency, he could be instrumental in a playoff run this coming spring.

Speaking of the D12 trade, Orlando is still in the midst of a full-blown rebuilding effort and it would acquire another important piece of the puzzle by nabbing a high-upside, second-year player like Shump.

The organization holds numerous draft picks and has some promising young talent on the roster, including, but not limited to Arron Afflalo, Nikola Vucevic, Glen Davis, Andrew Nicholson and Moe Harkless.

It’s a win-win scenario for both sides, and it’ll be interesting to see if they can find a way to make the salaries work in order to hammer out a deal by Thursday, Feb. 21 at 3 p.m. ET.