ESPN's Marc Stein has the details here. The immediate question that comes to mind: Does this make sense for New York?
In the short term, it doesn't seem like Faried would be the best fit for this team. But in the long term, getting an asset like Faried for Shumpert, who has struggled to score consistently this season, would be a good get for New York.
Let's take a quick look some of the pros and cons here:
1. The Knicks could add depth at power forward immediately, which would be beneficial given that Kenyon Martin and Andrea Bargnani are sidelined due to injury. It is unclear when Martin (ankle) or Bargnani (elbow) will return.
2. New York would get a young, cheap player in Faried, who may or may not fit their system but can be used as a future trade chip.
3. If they acquired Faried for Shumpert, the Knicks can get a player of high value in exchange for a player whose trade value is probably lower than it was coming into the season due to his inconsistent scoring.
4. The Knicks have a power forward they can pencil into their future rotation when/if Andrea Bargnani and Amar'e Stoudemire are off the roster in 2015-16.
1. Faried's rebounding and scoring per 36 minutes are down slightly this season, which is not the way you'd like to see them trending for a player in his third season. His win shares -- an estimate of the number of wins a player contributes to per season -- has also decreased each season.
2. It seems as though the Knicks, as currently constituted, would benefit more from trading for backcourt help than frontcourt help. Their point guards and shooting guards are getting outscored by a combined 16.5 points per 48 minutes, according to 82games.com. They have plenty of bodies in the frontcourt.
Worth noting: A deal for Faried doesn't necessarily mean the Knicks can't deal for a point guard, but it takes away one of their most valuable assets.
3. Faried has played nearly all of his minutes at power forward. So how would his arrival affect playing time for Jeremy Tyler or Amar'e Stoudemire? And what about Martin and Bargnani (when both are healthy)?
4. It's hard to pinpoint just why Iman Shumpert has struggled to produce consistently on offense. But his athleticism, ability to defend on the ball and lateral quickness are rare qualities. If he realizes his full potential in another city, will the Knicks regret dealing him away?