Knicks trade:
Carmelo Anthony
Iman Shumpert
Toney Douglas

Bulls trade:
Luol Deng
Ronnie Brewer
Taj Gibson
C.J. Watson

As a result, the depth chart for:

Knicks:
PG-Jeremy Lin / C.J. Watson / Baron Davis
SG-Landry Fields / Ronnie Brewer
SF-Luol Deng / J.R. Smith / Steve Novak
PF-Amare Stoudemire / Taj Gibson / Steve Novak
C-Tyson Chandler / Jared Jeffries

Bulls:
PG-Derrick Rose / Toney Douglas
SG-Iman Shumpert / Richard Hamilton
SF-Carmelo Anthony / Kyle Korver / Jimmy Butler
PF-Carlos Boozer / Brian Scalabrine
C-Joakim Noah / Omer Asik

Then Bulls can sign a veterant back-up PF, someone like Joe Smith or Theo Ratliff. This trade helps out both teams, watcha think?