According to the amazing Marc Stein (#eventhehawks), the Knicks have made any trade involving Iman Shumpert contingent on taking on the remainder of Raymond Felton's contract and, presumably, Felton himself. This also impacted any negotiation with the Hawks for Jeff Teague.
Like Hawks in Jeff Teague talks, hearing Clips opposed to taking back Felton in proposed deal headlined by Darren Collison and Iman Shumpert— Marc Stein (@ESPNSteinLine) February 19, 2014
Per Sham Sports Felton is due 11.381 million dollars over the next three years, and has been producing just at or below replacement value in the PER category for his career.
According to the ESPN Trade Machine, the Hawks deal with the Knicks would have had to included Shumpert, Felton and a couple of others as displayed here.
It would take Felton, Shumper, Cole Aldrich and Beno Udrih to make the salaries work between the two teams.
We see now why the Teague talks didn't go to the Knicks because, as we discussed on the Bill Shanks show last week, the Knicks don't have the assets to make a deal, they don't have draft picks and they feel the need to tie a bad deal onto the one or two tradeable assets they do have.
Not a great time to be a Knick fan, or the Knicks coach. Sorry, Woody.