On December 15th.
The best scenario for NJ is if Denver is willing to wait until then to trade Melo so that our free agent signings could be included. If so, then I would be willing to trade Favors since Outlaw could be moved as well. Outlaw could be worthless with Melo, seeing limited minutes off the bench for $7m. Assuming we start him until Dec. 15th he could build up his value, and prove he was a not a complete overpay.
Two trades could theoretically happen to revolutionize our team.
Trade 1 with Denver:
Outlaw / Favors / J.Hayes / 2011 #1 / 2 2nd rounders / $3m Cash
Melo + Balkman
Trade 2 with NOH:
Harris / T.Williams / 2012 GS #1 / 2 2nd rounders / $3m Cash
When 2011 comes around, they would be over the cap with Melo's extension, but be able to resign their own free agents (such as Murphy) and have the MLE to use.
2011-2012 NJ Nets
Paul / Farmar / Uzoh
MLE / Morrow
Melo / D.James / Balkman
Murphy / Humphries
Lopez / Petro / Zoubek
Add an MLE player like C.Brewer, M.Pietrus, Afflalo, or even AK (someone who plays defense) and we're good to go.
Ok... I'll stop obsessing now.