To shed light on the Knicks? drawn-out flirtation with Ramon Sessions, have a look at RealGM?s Wiretap showing the Knicks? projected salary cap room next summer under worst-case, best-case, and better-than-best-case scenarios.

Under the worst-case scenario, the Knicks would still have $4.13 million of cap room left over after the team signed one max contract in the summer of 2010.  

Very likely, Donnie Walsh is trying to keep Sessions? second-year salary at or below the $4.13 million figure in case the worst-case scenario becomes a reality.

On the other hand, if the salary cap ends up higher than expected and/or the Knicks are able to shed the contracts of Jared Jeffries or Eddy Curry, then every dollar committed to Sessions in 2010-2011 would cut into the cap room that could potentially be large enough to allow the Knicks to offer two maximum salary contracts.

Meanwhile, after the trade to acquire Carlos Delfino and Roko Ukic, the Bucks have only $1.60 million of room left before they would pay the luxury tax this season.  The Knicks might therefore be safe from Milwaukee matching because their offer sheet to Sessions would be substantially higher than the $1.60 million figure in 2009-2010.