Opening Tip: Deal or no deal?

The Knicks are discussing deals, but will they ultimately pull the trigger? Getty Images

Tick, tick, tick ...

The Knicks have a few hours to decide on executing a trade to improve their roster.

Here are their options, as of late Wednesday night:

Darren Collison: The Knicks hope to engage the Clippers on Thursday in talks centered around a deal of Iman Shumpert and Raymond Felton for Collison and Matt Barnes. Talks were tabled late Wednesday night, according to ESPN's Marc Stein and Chris Broussard. It is unclear how Shumpert's knee injury will impact the potential deal, though the Clippers are lukewarm about taking back Felton, who has struggled this season and has two years remaining on his contract.

The Knicks, according to Stein, won't deal Shumpert without either receiving a first-round pick in return or being able to unload Felton.

Kenneth Faried: The Knicks and Nuggets continued to discuss this deal on Wednesday, though the focus of the talks shifted from a trade centered around Faried to a lesser deal centered around Beno Udrih and Jordan Hamilton.

The Knicks will likely continue to push on Faried but also hope to unload Udrih for Hamilton, either in a separate transaction or a larger trade including Faried and Shumpert.

Jeff Teague: This one is pretty much dead, but the Knicks had shown interest in Teague earlier in the week. Teague's four-year, $32 million contract may have tamed that interest, though. The main piece the Knicks had to offer in a two-team transaction with Atlanta was Shumpert. There had been casual discussion about a three-team deal with the Raptors, but that hadn't gained much traction. The Knicks were turned off by the idea of taking on Teague's contract, as it would have impacted their cap space in the summer of 2015, when they hope to be major players in the free-agent market.

Kyle Lowry: Lowry has been the Knicks' top point guard target for weeks, but Toronto is unlikely to deal him given their standing in the East. They'd rather not alienate a fan base that has supported them through some lean years. The Knicks, though, might be able to convince Toronto to reengage by offering Tim Hardaway Jr. or a 2018 first-round pick in a deal. Shumpert's knee injury, though, may complicate things. He was a piece in most packages for Lowry.

Up now: Carmelo Anthony poured in 42 points as the Knicks beat the Pelicans.

Shumpert left in the third quarter with a left knee sprain. It's the same knee that was surgically-repaired in 2012 following an ACL tear. He will be re-evaluated on Thursday.

The Knicks-Clippers trade talks were tabled late Wednesday. But the Knicks hope to reengage the Clippers on Thursday in an attempt to land Darren Collison.

The Knicks have also talked with the Nuggets about a Beno Udrih for Jordan Hamilton swap.

What's next: The Knicks will take the day off and get ready for Friday's game against the Magic.

Question: Should the Knicks complete a deal for one of the players mentioned above? Or should they stand pat?

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