Per The Bergen Record:
The Nets and Nuggets reportedly have reached a tentative agreement on
a trade that would send Carmelo Anthony to New Jersey.
The deal is pending Anthony's agreement on a long-term contract
extension with the Nets.
The trade would send Anthony, Chauncey Billups, Sheldon Williams,
Melvin Ely and Renaldo Balkman to New Jersey, and Devin Harris, Derrick
Favors, Troy Murphy, Ben Uzoh and four first-round draft picks to
Denver would then try to unload Murphy's contract on a third team,
presumably using one or more of the picks received from New Jersey.
If Anthony turns down the Nets' overtures, the Knicks are expected to
be the frontrunners to acquire Anthony before next week's trade
Reportedly both the Knicks and Nets will hold meetings with Anthony
during All-Star Weekend in Los Angeles.
The NBA world and its fans have all been down this path before, as these two teams were close to a deal before the season began.
This reported 10 player, four draft pick trade is far from being completed; Carmelo Anthony still holds all the cards and power to overturn this deal by not accepting an extension with the Nets.
Anthony will also meet with the Nets brass this weekend during the NBA All-Star festivities in Los Angeles. Him signing an extension with the team will depend on what the Nets front office sells him on, and their upcoming transition to Brooklyn, New York in a couple years.
Although the Nets will be giving up their top pick, Favors, and a dynamic point guard, Harris, this deal - on paper, at least - looks very good for the Nets.
Anthony is a perennial All-Star, and depending on who you ask, a top-tier player in the NBA. He's without a doubt one of the best scorers in the NBA, but his overall impact on a winning team has been questioned; he has been to the playoffs in all 7 of his seasons in Denver, but they have only gotten past the first round once, in 2008-09 (lost in the Conference Finals to the eventual champion LA Lakers).
Favors is a project in the NBA, but the question is: Will he become one of the best big-men in the NBA? The Nets don't think so, which is why they've dangled him in the Anthony talks.
Harris is a dynamic point guard, but he's been hit with injuries lately and his play - even when he's on the court - hasn't been at the All-Star level it was a couple seasons ago.
Billups would give the Nets an upgrade at point guard for this season and next year. At 34 years-old, he isn't in his prime, but Billups takes very good care of his body and he should have 2-3 more above average seasons left in him.
The situation between the Nuggets and Nets is still very fluid, and NBA fans shouldn't look at this as a done deal. It's far from over and plenty of things can and will change.
Don't be surprised if the Nets pull the trigger on this even without an agreement from Anthony. Their mindset would be to persuade him once he's on board and buy-in on the Nets' future.
Nets' owner Mikhail Prokhorov, a Russian billionaire, will meet with Anthony this weekend in Los Angeles face-to-face. He prominently declared back in late January that the Nets "dropped" out of the Anthony sweepstakes, and now that he and the Nets are back in it, it would be a huge disappointment for Nets fans if they get rejected twice.
The Nets and Nuggets might have agreed on a deal, but nothing is set in stone yet. Don't count the Knicks out, they're still very much in it.
It's a very fluid situation. More to come as soon as the latest news comes.
Update 1:46pm CT: One more note with this Anthony-Nets situation; it's highly unlikely he is dealt before the All-Star game on Sunday night. It wouldn't look good for the Nuggets' marketing situation as well as the NBA as a whole.
Another issue would come up with him being traded before the All-Star game: Which team would Anthony play for? The East or West? Would he be a starter - something he was voted in by the fans for?
An Anthony trade before the All-Star game would open up a whole other can of worms for the NBA. It's highly unlikely he's dealt before the All-Star game.
During the All-Star game or late Sunday night, maybe. But the more reasonable timetable for an Anthony deal begins on Monday, February 21st.