Isiah Thomas has weighed options for acquiring another first-round pick and is said to be shopping Jared Jeffries while "paying very close attention to the Kevin Garnett/Jermaine O'Neal situations."  

It is also believed that Thomas has decided to "either do something big or nothing at all" before next season.

Acquiring Rashard Lewis by sign-and-trade would seem to be the most likely way the Knicks can make a significant off-season impact.