Melo is an even bigger risk for LA. They're renting him for half of a season and he will just bolt for NY. This doesn't help LA at all. They'd be left with nothing in 5 months and are so far over the cap that they won't be able to replace Melo with a quality free agent.
Second, Bynum's potential is still huge. He has more trade value than what NYK have offered off of cap relief, alone.
Kenyon Martin's contract expires this year, and Billups would drop off next year with Bynum. That's $45m between 3 players (not even counting JR Smith, Affalo and Nene) and practically the entire salary cap and gives them the freedom to sign 2 max players.
Second, Bynum's potential is still huge. He has more trade value than what NYK have offered off of cap relief, alone.
Kenyon Martin's contract expires this year, and Billups would drop off next year with Bynum. That's $45m between 3 players (not even counting JR Smith, Affalo and Nene) and practically the entire salary cap and gives them the freedom to sign 2 max players.