New York Knicks receive: Kyle Lowry and Dwight Buycks
Toronto Raptors receive: Tim Hardaway Jr., Raymond Felton, Cole Aldrich and a 2018 lottery-protected first-round pick
Why I want to see it: Let's just get this over with, shall we? The Knicks are an absolute mess at point guard, and Lowry would garner instant cult status in New York with his gutsy flair and bulldog intensity on both ends of the floor. The Knicks won't want to part with two long-term assets, but if you're going to acquire the East's best point guard right now, you're going to have to pay up.
Yes, the Knicks will risk losing Lowry to free agency over the summer, but there are two reasons why they shouldn't be worried on that front. One, the Knicks play in New York, which is a pretty big deal. Two, they'd own his Bird rights, which is gold for a capped-out team like the Knicks.
The Knicks can't dream of bringing in a talent like Lowry on the open market unless they possess the precious Bird rights that allow teams over the cap to re-sign their own free agents. Lowry, who boasts a 20.1 PER, is both younger and better than Felton has ever been, especially on the defensive end, where Felton unfurls a red carpet to the rim. Adding Lowry could make the Knicks the third-best team in the East, even if that's a mostly cosmetic achievement.
The deal would add to Masai Ujiri's stockpile of Knicks draft picks while giving the Raptors an exciting young player in Hardaway. The Raptors already own the Knicks' 2016 first-rounder and the team's 2017 second-rounder from last summer's Andrea Bargnani trade, so it's easy to see why Jim Dolan would be reluctant to send yet another pick over the border. However, tacking lottery protection to the pick would ease some of their concerns in the event the Knicks don't turn it around soon.