“There will be a sign and trade with NY. Will give you all more cap space courtesy of Amar’e.”
According to RealGM
“The trade exception of $16.5 million is equal to Stoudemire’s first-year salary in New York and means that Phoenix would be landing a player like David Lee in return.
The Knicks are expected to receive a second-round pick and an additional $800,000 in cap space in the deal as they will be able to start Amar’e's contract at a lower price.”