My thoughts on the Melo trade:
Getting rid of Felton and getting Chauncey gives us a shot this year and next, then they can go after Chris Paul or Deron Williams once Chauncey becomes a free agent. The Knicks are relevant and I congratulate them for turning the corner.
When I say "get rid of Felton" I mean they are selling high. He isn't the PG we need to win a Championship. Chauncey right now is so much better and they can add to the team in 1.5 years. He has a ring and is a Finals MVP. He's performing at the same level as Felton. Billups > Felton all day.