Nuggets Trade Carmelo Anthony To The New York Knicks In Blockbuster Three-Way Deal

The year-long saga is finally over.  The Denver Nuggets have traded Carmelo Anthony, sending him to the New York Knicks in a blockbuster deal that will see them give up Wilson Chandler, Raymond Felton, Danilo Gallinari, Timofey Mozgov, a 2014 first-round draft pick, and additional picks and cash.  The deal awaits the league’s approval and is expected to be confirmed sometime Tuesday.

In addition to Melo, the Knicks will also receive Chauncey Billups, Shelden Williams, Anthony Carter and Renaldo Balkman.  Also included in the trade was the Minnesota Timberwolves, who acquire Anthony Randolph and Eddy Curry from the Knicks, in exchange for Corey Brewer.

With his contract set to expire at the end of this season, trade speculations continued to surround Carmelo Anthony after he refused to sign a three-year extension worth almost $65 million last summer.  He was rumored to be going to several different destinations throughout the first half of the 2010-11 season, and it appeared as though he was headed to the New Jersey Nets just before the All-Star break.  That deal fell through, leaving the Knicks with one last opportunity to pitch a tempting offer to the Nuggets before Thursday’s trade deadline.

The trade sees the Knicks give up four young players that were developing into the core of their team, but they get one of the best scorers in the league in Carmelo Anthony, as well as a veteran point guard with championship experience in Chauncey Billups.  At this point it is tough to determine an immediate winner.  The Nuggets avoid the pain of losing Melo at the end of the season for nothing, and get some valuable assets in the process, while the combination of Anthony and Amare Stoudemire gives the Knicks one of the most dangerous frontcourts in the game.

Now that the question regarding where Carmelo Anthony will land has finally been put to rest, the focus will likely shift over to Chris Paul and Dwight Howard, whose contracts are set to expire at the end of the 2011-12 season.  The Knicks are expected to be big players in the sweepstakes for both of those players, and if they can work their magic once again, it may not be long before they are fielding a “Big Three” of their own.

Hat Tip – [ESPN]

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