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.


The Sporting News

CBS’s Lauren Shehadi on the Carmelo trade

Post By bryanh (1,420 Posts)


Do you have a fantastic idea related to this article, but just don't have the money you need to start your own company or side-business? Get the loans you need from to help get your new company underway, from the small loan professionals at PersonalMoneyNetwork.

PG&E to pay $70 million for pipeline tragedy

PG&E to pay $70 million for pipeline tragedy

Pacific Gas and Electric Co., a northern California utility, has agreed to pay $70 million to the California town of San Bruno for a pipeline explosion that killed eight people in 2010. Company says it’s remorseful The San Francisco-based power company’s president, Chris Johns, released a statement Monday, saying PG&E is sorry and eager to […]

Judge stabbed and deputy shot in Washington courthouse

Grays Harbor County Courthouse

Following a standoff in a Washington state county courtroom Friday, a man reportedly escaped after shooting a sheriff’s deputy in the shoulder and stabbing a judge in the neck. The man is still at large. Treachery among the tree farms The incident occurred Friday afternoon in the western Washington town of Montesano, which bills itself […]

Microraptor was one flashy little dinosaur

Microraptor fossil

A team of Chinese and American scientists have found that Microraptor, a small four winged dinosaur that went extinct about 130 million years ago, was likely black and almost certainly had glossy, iridescent feathers. Until now, the coloring of extinct creatures was a matter of pure speculation. That may no longer be the case. The […]

Autocorrected message leads to school lockdown

Homage to the Sun

Adjacent schools in Georgia were locked down for two hours Wednesday after a text message reportedly warned of a “gunman” on campus. Later, it was learned that the message was the result of a smartphone autocorrect function, attempting to “fix” the misspelled slang word “gunna.” A series of mixups A series of mixups led to […]