"The Knicks have the 4th pick in a 3 player draft." I read that in some article and felt pretty bad for Knicks fans.
Also read Carmelo mentioned rookie PG's have a steep learning curve. I think NY trading the pick is more likely if they can get a somewhat decent vet out of it.
Edit: Or shock every one and select Cauley-Stein at 4.

Jackson told season ticket holders that he likes the idea of getting a top defender in the draft and save the point guard position for free agency. Jackson hinted that the Knicks never truly replaced Tyson Chandler after he was traded and needed to grab size first. Meanwhile, Carmelo Anthony told the New York Daily News that he believes free agency is the better place to find a point guard since it can be a tough transition for rookies. The Knicks have already been linked to Rajon Rondo, Goran Dragic and a trade for Brandon Jennings as both Jose Calderon and Langston Galloway are on the trade block.