How can we trade what we don't have? We renounced Frye's rights to clear cap space. He is now an unrestricted free agent and we no longer hold his Bird rights. He is free to sign anywhere he wants.
Of course, we can use our cap space to re-sign him for more than anyone else is offering him, but I don't see him signing a one-year deal when longer deals are on the table, and I don't see him wanting to go back to New York when teams like Phoenix and Denver are showing interest.
BTW, in the last 8 games Channing started as a Blazer, he averaged 15.4 PPG and 8.5 RPG. I know he stunk pretty bad last season, but I think as a starter on the right team, he could still be a very productive player. If Phoenix trades Amare, I think the Suns could be a good fit for Channing. Plus, it's close to where he went to college.
BNM