Carmelo Anthony Contract Extension Reportedly The Only Thing Holding Up Nets Trade

An agreement from Carmelo Anthony to sign a three-year, $65 million contract extension is the only thing holding up a trade that would send the All-Star to the New Jersey Nets, according to Fred Kerber of the New York Post. That means the Denver Nuggets and Nets, apparently for the first time, have reached an agreement on the pieces that would move. Yahoo!'s ace Adrian Wojnarowski reported the base parts of the deal, which would include 'Melo, Chauncey Billups, Derrick Favors, Devin Harris and others, late Thursday.

'Melo is expected to meet with Nets franchise owner Mikhail Prokhorov this weekend in Los Angeles as the NBA descends for All-Star festivities. But Anthony will also reportedly meet with Knicks franchisee James Dolan. Knicks president Donnie Walsh has been said to be hesitant to mortgage the farm for 'Melo, given that the Nuggets are demanding a mint. (The most recent report included Raymond Felton, Danilo Gallinari, Wilson Chandler and Landry Fields, or the Knicks' four best players not named Amar'e Stoudemire.) If Dolan can either convince himself to pull the trigger on such a deal or convince 'Melo to reject the Nets, the Nuggets' deal with New Jersey could fall apart.

As such, it remains unclear why the Nuggets would be willing to allow 'Melo to meet with New York.

The Nets walked away from the table a month ago before Prokhorov could meet with 'Melo because the Russian billionaire decided that negotiations had sucked the life from his team. The NBA trade deadline is on Feb. 24, meaning these new negotiations can only drag on so long.

For more on the Nets, please check out the comprehensive and excellent NetsDaily.

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