July 6th, 4:50 PM, Update: Marc Spears of Yahoo! Sports confirms the Knicks interest in Felton and also names the Miami Heat and New Jersey Nets as teams that are also interested. However, Spears notes that none of these teams are willing to commit to Felton until LeBron, Dwyane Wade and Chris Bosh have made their decisions.

After signing Amare Stoudemire to a five-year, $100 million deal, the New York Knicks are now targeting a point guard to pair with Amare in Mike D’Antoni’s pick and roll offense, according to Ken Berger of CBS Sports.

The bread and butter of the Phoenix Sun offense under D’Antoni and Alvin Gentry was the pick and roll with Amare and Steve Nash. Of course, there is nobody in the league that runs the pick and roll better than Nash, so Amare may never look as smooth or be as efficient as he was in Phoenix. However, the Knicks are hard after a point guard to play that role.

Berger reports that the Knicks are looking into Raymond Felton, a free agent coming off of a deal with Charlotte, in a sign and trade with the Bobcats. The sign and trade he suggests involves David Lee going to Charlotte in return for Felton. Certainly, this deal checks out for both sides and would all depend on what kind of contracts each player is looking for. New York has money to spend on Felton but Charlotte may not be able to afford Lee.

Nonetheless, Lee would be an excellent addition to a team that failed to find offense a lot of times last season and he would be with a team where his defensive deficiencies would be hidden with such great defensive players around him like Gerald Wallace, Stephen Jackson and Tyson Chandler. Lee has a face-up game from the mid-range and is very good on his way to the basket, whether on the pick and roll or on a dribble drive.

Felton ranked 71st in the league in pick and rolls as the ball handler, producing .84 points per possession. Not a great number but it is an upgrade over any point guard that New York had last season and there was no scoring threat for him to run that pick and roll with. Amare would give him a fantastic partner and would ultimately result in increased production from him. Felton is also a good defensive player and would at least stay in front of his man which has been an issue with the Knicks over the past few seasons.

Tony Parker has also been targeted by the Knicks but it appears as if it would be easier to acquire a free agent in a sign and trade rather than trading for Tony Parker straight up.