Carmelo Anthony Meeting With Nets' Mikhail Prokhorov, Jay-Z Produces No Agreement

Carmelo Anthony's meeting with the New Jersey Nets tonight was about as fruitful as every other stage of the Carmelo Anthony trade rumor process: not. Reportedly, Anthony and the Nets met for 40 minutes and failed to reach any sort of agreement.

ESPN's Chris Broussard and Marc Stein cite a source saying that Anthony, Nets owner Mikhail Prokhorov, and Nets minority owner Jay-Z all met at a Los Angeles-area restaurant late Saturday afternoon, but produced no new developments.

Anthony was noncommittal after hearing the Nets' presentation, not saying whether or not he would sign the three-year, $65 million contract extension that is a prerequisite for the deal. He told the Nets he will think about the situation and would like to have a resolution before the end of the weekend.

So what was the purpose of the meeting? Well, it at least indicates that the Nets would like people to think they are pursuing Anthony — even if Anthony won't commit to signing an extension, the Nets negotiating with the Denver Nuggets and Anthony forces the New York Knicks to offer more in an effort to get the Nuggets to bite on making the trade.

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