NYK needs a coach.
BKN needs depth at the two.
The Nets gave Lawrence Frank a boatload of money and he's literally useless for us right now, after his falling out with J-Kidd... and Shump has been in the doghouse in Manhattan all season. Since we have an open roster spot, and Frank isn't on our coaching staff, and the Knicks will presumably be having a vacancy in the near future, everybody's happy.
L-Frank is a good head coach. Certainly an upgrade from Mike Woodson. Shumpert is a good young shooting guard with a big upside and a small paycheck, and an aspiring rapper who loves what playing in New York brings, he just isn't meshing well in his current environment.
It's too bad that it can't happen.