He's on a team that's 15 games under .500 and about to be passed in win count by intentionally bad teams like Utah. NY has no draft pick either. Let's also note that even if Melo walks, New York will still be over the salary cap next summer and unable to improve through free agency until 2015 when Chandler, Amare, Bargnani, Felton and Smith come off the books. In other words, they're pretty much stuck with the shoddy team they've got next year too, even if Carmelo takes a discount.
I haven't been a fan of the idea of signing Melo ever, but honestly, this might be our best chance to attract another superstar for the rest of Dirk's tenure here. I have to imagine how much fun an offense with Dirk, Melo, Ellis, Calderon and Wright would be to watch any team try to contain, weak defensively as they might be. Melo's been playing better defense the past few years, which is the only reason I'd even consider him.
We wouldn't have any cap space to upgrade our center rotation, but honestly, I've been pretty happy with the Dalembert, Wright, Blair rotation of late. We've been out-rebounding our opponents. Dalembert and Blair both average more points and rebounds per minute than the great Tyson Chandler, and Wright is averaging far more points per minute than any of them. I could survive with the C rotation for one more year and wait for 2015 to go big for a Center if we end up using our cap for a top tier free agent at SF like Lebron or Melo.
There are many combinations of quality players we could probably get for the $20m+ Melo will command, and that's the tradeoff. I'm still debating myself if it's worth it, but I find myself kind of fascinated by what that team could look like.