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Blockbuster Carmelo Deal Finally Done

On paper, it appears that the Knicks got the better end of the stick in this one however the Nuggets have now put themselves in a position of stability with 3 additional draft picks in the next two years including one first rounder in 2014.

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Last night the Denver Nuggets confirmed that their perennial all-star Carmelo Anthony will in fact no longer be donning the blue and yellow. The 10 player deal will see Anthony head to the New York Knicks, a place that since last summer, desired to go. According to NBA.com here is a list of the full 10-plus player deal:

Knicks get:
G Chauncey Billups
G Anthony Carter
F Renaldo Balkman
F Carmelo Anthony
C Shelden Williams
Nuggets get:
G Raymond Felton
F Danilo Gallinari
F Wilson Chandler
C Timofey Mozgov
$3 million in cash
2014 first-round pick
2012 second-round pick (originally Warriors’ pick)
2013 second-round pick (originally Warriors’ pick)

Other notables in the deal, include Chauncey Billups who gives New York even more options on offense with the already 26.1 points per game Amare Stoudamire. For the Nuggets getting players like Raymond Felton and Gallinari will help them in their fight for that final play-off spot in the West but more importantly secure them for the future with talent and cap space. Although there is speculation that the Nuggets acquisition of Felton may be short lived.  There have been talks with the New Jersey Nets for a possible deal that would involve Guard Devin Harris

On paper, it appears that the Knicks got the better end of the stick in this one however the Nuggets have now put themselves in a position of stability with 3 additional draft picks in the next two years including one first rounder in 2014.

That was not the only trade the Knicks completed yesterday as they sent Centre Eddy Curry, Forward Anthony Randolph and $3 million in cash to the Minnesota Timberwolves for G/F Corey Brewer .