Carmelo Anthony has finally been traded after the New York Knicks and Denver Nuggets reached a deal late on Monday night that would send Anthony to New York. The news broke just a short time after reports surfaced indicating a deal was close. Anthony had been linked to both the Knicks and New Jersey Nets since it was reported he wouldn't sign an extension, though the trade saga dragged on, appearing to near completion multiple times before deals fell through.
The Denver Post reported the deal was official on Monday night on Twitter. The deal involves multiple players and draft picks, with the details passed along by Tom Jolly.
Denver Post: Denver gets Chandler, Felton, Gallinari, Mozgov, Knicks '14 1st, Warriors' 2nds in '12 and '13 and $3 million.
To recap, Anthony, Chauncey Billups, Shelden Williams, Anthony Carter and Renaldo Balkman are headed to New York, with the Knicks sending Danilo Gallinari, Wilson Chandler, and Raymond Felton to Denver. In addition to those three, Timofey Mozgov was added to the Knicks final offer at the last second and is headed to Denver, as well. Finally, it appears the Nuggets also picked up three draft picks and cash.
Stay tuned for the latest as it becomes available. For more on the Carmelo Anthony saga, check out our StoryStream.