The New York Knicks have offered Danilo Gallinari, Raymond Felton, Wilson Chandler and a first-round pick to the Denver Nuggets in a potential Carmelo Anthony trade, according to Howard Beck and Jonathan Abrams of the New York Times, who cite a team executive involved in the talks. The package is a player short of a reported Nuggets offer from last week, which also included rookie Landry Fields.
Chauncey Billups would also be sent to the Knicks in such a trade, if the Nuggets accept it. It would give the Knicks the star many believe they need to team up with Amar'e Stoudemire. If Billups is waived this summer, only $3.7 million of his contract will count against the cap in 2011-12. After such a trade, and assuming the Knicks unload Anthony Randolph as expected, New York would have $50 million of salary locked up for the 2011-12 season, which, depending on how collective bargaining shakes out, could allow the Knicks to add a player of Felton's caliber next offseason.
The Nuggets are reportedly still working to get 'Melo to consent to a trade to the New Jersey Nets, who have offered Derrick Favors, Devin Harris and up to four first-round picks. That trade would seem to be more amenable to the Nets, though Gallinari might be the best player on the table (though Favors and the Nets' high first-round pick have more potential). But if 'Melo won't consent to a trade to New Jersey by signing a contract extension, it's all moot.