IF Melo isn't going to stay OR Phil doesn't want Melo, then it makes sense.
If we got Asik, Lin and one of Parsons/Tjones and maybe DMo for filler + picks, it's a good deal. Asik and Lin both expire in 2015 (not impairing cap space), and it makes Tyson Chandler expendable, who you can also move for picks and even more players.
Asik and Lin combined are $16.6M in cap hit, so it would actually reduce our luxury tax.
I can't see them taking Felton as part of the deal.. the salaries just don't work (Melo's $24m VS Lin/Asik/TJones for $17.5M works, tossing in Felton or Shumps $4M breaks it). AND you have Asik, Lin's and Dmo's bird rights, so you can re-sign them for reasonable contracts if you decide you want to keep any of them.
That said, you can then move Shump+Felton for even more assets assuming you don't want to keep Shumpert... it creates a ton of flexibility.
It all comes down to Melo + PJax. And there's not a ton of teams that could offer us young and useful players with such short contract expirings AND picks so if Melo/PJax doesn't fly, then Houston can probably give us one of the best deals.
J.R. Smith: "They were pretty much scoring at will. Especially my guy. I don't know what the hell I was doing on defense."
Raymond Felton : "The play was give the ball to Melo."