Carmelo Anthony could end seven months of trade rumors by making a decision on whether he will sign an extension with the New Jersey Nets on Monday, reports the New York Post. The Post's Fred Kerber, Peter Vecsey and Marc Berman cite anonymous sources who say 'Melo is expected to inform Nets management on Monday whether he will sign a three-year, $65 million contract required to push the team's trade with the Denver Nuggets through. Reports last week suggested the Nets and Nuggets had reached a deal, with Chauncey Billups, Shelden Williams and Renaldo Balkman joining 'Melo in New Jersey, and Denver receiving Derrick Favors, Devin Harris, Ben Uzoh, Troy Murphy and up to four first-round picks.
But New Jersey won't give up Favors or its own 2011 first-round pick without a long-term commitment from 'Melo, who started for the Western Conference All-Stars on Sunday. Anthony met with Nets franchise owners Mikhail Prokhorov and Jay-Z Saturday night in Los Angeles. Reports suggested he left the meeting noncommittal about whether he'd sign the extension. 'Melo met with New York Knicks franchise owner James Dolan last Thursday, according to reports.