Carmelo Anthony was traded to the New York Knicks after the 2011 NBA All-Star Game. (Photo Credit: CC BY/Ytoyoda/Flickr)

Presidents Day weekend may have featured the NBA All-Star game and its more-interesting-than-the-game festivities, but the real NBA excitement happened off the court. The Carmelo Anthony soap opera has wrapped, and the high-scoring forward has landed with the New York Knicks after a trade involving three teams. According to ESPN and The Sporting News, the price the Knicks had to pay to land Carmelo Anthony via trade will be much more than Anthony’s expected three-year, $65 million payroll extension.

12 players involved in Carmelo Anthony trade

In order to obtain All-Star caliber talent Carmelo Anthony, the New York Knicks couldn’t get away without sending major talent to Anthony’s former team, the Denver Nuggets. The N.Y. Knicks sent versatile swingman Wilson Chandler, cat-quick point guard Raymond Felton, 7-foot-1 center Timofey Mozgov and fiery big man with a fine outside touch, Danilo Gallinari, to Denver. Denver will send Carmelo Anthony, veteran point Chauncey Billups, Shelden Williams, Anthony Carter and Renaldo Balkman.

To tie up payroll loose ends, the trade also involved the Minnesota Timberwolves. Minnesota sent passing land disruptor Corey Brewer to the Knicks for inside scorers Anthony Randolph and Eddy Curry.

Will short-term spending harm Knicks?

The Carmelo Anthony trade could be a desperation move on the part of the Knicks, writes Michael Wilbon. The team may benefit from having Carmelo Anthony, Amare Stoudemire and Chauncey Billups as the nucleus, but the team could just as easily be immensely overrated. The Knicks want to show fans the turnaround this season is real. With Carmelo Anthony, perhaps the N.Y. Knicks will be able to handle the Boston Celtics, Chicago Bulls or Miami Heat in a seven-game Eastern Conference playoff series.

However, with a new collective bargaining agreement coming soon – which will reportedly include a hard salary cap – it may not be possible to sign New Orleans’ Chris Paul as a free agent after next season. The Knicks will need a good point guard to take Billups’ place, as he is both long in the tooth and not eager to play under the harsh lights of Madison Square Garden. Paul or even Deron Williams of the Utah Jazz would be an outstanding fit, but the money may not be there under the cap.

Sources

ESPN http://sports.espn.go.com/nba/news/story?page=wilbon/110222
The Sporting News http://www.sportingnews.com/nba/feed/2010-08/carmelos-contact

CBS’s Lauren Shehadi on the Carmelo trade

http://www.youtube.com/watch?v=-UfmX6GVPTc

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