If I'm the Knicks (and going out on a limb that person is not certifiably crazy), I'm asking Danny for the #3 pick, the Lakers 2018 pick, and Jaylen Brown in any Porzingis deal. However, due to negotiations and a phantom 20% or so discount (see Boston trading #1 pick to Philly), the deal will look more like #3, Lakers 2018 pick, and Marcus Smart. After all, the Knicks did ask Phoenix for Booker and the #4 pick, so this proposal seems to be on par.
Then again, why not try to package a bad contract with Porzingis. Carmelo is not the contact to get rid of, as he will most likely opt out after next season anyways. I want to pair Joakim Noah, so I give my team a chance to go after max free agents in the 2018-2019 season. I will back off my previous demands above and settle for the #3 pick, Jae Crowder, Terry Rozier, Tyler Zeller, and the rights to Guerschon Yabusele. (Don't know if the trade will work cap wise, but figured I throw it out there anyways).