Doesn't do anything for the Knicks. They would be just doing a favor for the Rockets and Bulls to improve. They don't get any better and their financial situation doesn't improve. Unless they want to go ahead waste their time to help out 2 teams for free, then I don't see why they make the deal.
Nothing against your trade, I must say pretty good scenario however, we really need to get all these T-mac trade threads in one. It's ridiculous that everyone believes their trade deserves its own thread.
This trade would work imo. Bobcats trade Tyson Chandler and flip Murray/Acie Law to Rockets and receive Harrington and Jeffries from Knicks. Knicks send Darko to Rockets and receive T-Mac.
Knicks move Jeffries and get T-Mac. Rockets get a center who they can start this year and either back up Yao next year or flip for good talent as an expirer in 2010-11. Bobcats get a good true forward in Harrington. They take on no extra salary from Jeffries who is serviceable as a defender and they don't screw up their 2010-11 cap purge.