There are two problems; one in the trade scenario and one in free agency. In the trade scenario, New York has nothing to offer.
The Knicks used all their key assets to acquire Carmelo Anthony last year. Naturally, they aren't going to trade Melo or STAT to land CP3 and there is virtually nobody else to talk about.
Chauncey Billups' contract certainly won't be enough and neither will the inclusion of Toney Douglas, Landry Fields and/or first-round pick Iman Shumpert.
New York cannot trade anymore first-round picks of their own because NBA rules won't allow a team to trade first rounders in back-to-back years.
Let's not forget that the Hornets are currently run by the NBA itself.
Commissioner Stern and the league fought hard to restore "competitive balance." Trading away CP3 to the Knicks for virtually nothing is a contradiction of that.
These are all things we already know, though, as does the New York media. However, it isn't stopping them.
Then there's the free agency situation, where Paul controls his own future. After all, for a team to trade for him, he'll have to first agree to a long-term deal with them. If he wants to choose on his own, he can just wait until the season is over.
The problem for Paul is that he stands to lose close to $40 million according to multiple sources, most notably ESPN's John Hollinger.
Now that we know this, it is a bit surprising for even the New York media to push so hard on landing Paul before the season even starts.
It's not as if the Daily News is going to scare the league office into a deal.
If CP3 is truly unselfish enough to take that type of pay cut and accept the Knicks' best offer then that is the most likely scenario.
If the Hornets were owned by somebody other than the league, pushing for the trade would make sense to give CP3 the max deal. The Hornets, if they wait too long, could lose Paul for absolutely nothing if he walks in free agency.
However, because the league is involved and is trying to make a stance, it seems not only unlikely but foolish to hold out hope for a trade that can never be made.
Unless Landry Fields and Iman Shumpert transform into Superman and the Flash there is little they'll be able to do to elevate their value to a point high enough for the league to pull the trigger.
All forms of New York media have truly got a bit out of control already with the CP3 talk and the season hasn't even started yet.
Don't pay attention to Chris Paul saying "his heart is in New Orleans," but don't pay attention to all the other nonsense either.
We know Chris Paul would love to play with his friends in the Blue and Orange, but we also have to face facts—that is truly unlikely as things stand right now.