Warriors and Knicks are discussion a sign-and-trade

The Warriors and Knicks are in advanced talks about a sign-and-trade arrangement that would send free-agent power forward David Lee to the Bay Area for Anthony Randolph and Ronny Turiaf, two people involved in the talks confirmed to CBSSports.com. The trade is being set up as a contingency plan for the Knicks if James chooses to sign with another team Thursday. If James chooses to sign with the Knicks, they will have to renounced his rights -- and thus the rights to sign and trade him under the Larry Bird exception -- in order to clear the necessary salary cap space. Lee's agent, Mark Bartelstein, also is believed to have maintained contact with the Nets, who are in danger of getting shut out in the free-agent chase. But the Golden State scenario for Lee has legs, to an extent. "It's got legs," one of the people involved in the talks said. "But it needs arms, a torso and a head."