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UPDATED: Carmelo Anthony trade talks move closer as Nets zero in

Jan 9, 2011, 6:26 PM EDT

Denver Nuggets v Sacramento Kings

The New Jersey Nets have managed to move their efforts to obtain Carmelo Anthony in a trade with the Denver Nuggets “further along” according to a report from ESPN New York.

Here’s where we stand at posting time:

  • The teams are the same as last we left, with the Pistons pulled into the deal and sending Rip Hamilton to New Jersey to re-team with Chauncey Billups in what our boss man Kurt Helin described as eerily similar to what could have been in Detroit in 2003 had the Pistons drafted Melo.
  • The previous hang-ups were two-fold: the Pistons refused to give up a draft pick in the deal, and everyone was reluctant to take on the insane Johan Petro contract ($10 million over the next three seasons).
  • The first hang-up is reportedly resolved, with Detroit not having to surrender a pick. Petro remains a sticking point, as the Pistons are only willing to be the two teams’ cash dump partner if they’re taking on the least amount of salary.
  • It’s a massive deal in its framework, with 15 players coming and going, and this is outside of whatever fourth team is brought in to potentially take on Petro.
  • Denver would get two first-round picks, Devin Harris, Derrick Favors, and Anthony Morrow among other assets in the deal.
  • New Jersey is hoping that by acquiring both Hamilton and Billups to team with Lopez, that will be enough to talk Melo into the much-discussed extension, even without a sit-down with Mikhail Prokhorov.
  • There’s a lot of confusion on where this is coming from, but the loudest talks have been that Denver is relenting to pressure from Melo’s representatives. If that’s the case, it bodes well for Jersey’s chances at an extension.
  • It’s unclear at this point what Detroit’s after besides clearing its books.

The Billups situation is particularly interesting. Billups’ agent told FanHouse that if traded, he would opt to become a free agent this summer. Billups has been pretty clear about wanting to finish his career in his home of Denver. But in this scenario, Billups become the starting point guard for a contending team beside a star in Carmelo, with a legit big man in Brook Lopez, in a huge market in 2012 when the Nets go to Brooklyn, and he gets to reunite with former teammate Rip Hamilton. I’m not sure Billups will get a better chance to go out on top. Maybe he doesn’t care after already having his ring, but it’s enough to at least give him and his agent pause.

For the Pistons, you have to wonder if they’re simultaneously looking to move Tayshaun Prince in a deal to send out both long-tenured veterans in a short period of time, in an effort to completely remake themselves as a team of the future. With ownership up in the air, this appears to be a solely financial endeavor, but if they’re not getting picks back in this deal, they’re going to want to gear towards the future somewhere. There’s a solid core in place with Greg Monroe, Austin Daye, and whatever point guard ends up being decent along with Jonas Jerebko. Moving both veterans would give them a truly clean slate, so to speak, which they haven’t had in years.

We’ll keep you updated as this story develops.

UPDATE 8:16 p.m. ET: Woj over at Yahoo! has a further list of players included in the deal as it stands, which includes Anthony Carter and Shelden Williams going to New Jersey and Ben Uzoh, Stephen Graham, and Quinton Ross on their way to Denver along with Harris, Favors, and the picks. Chris Mannix of SI reports that Anthony will reportedly agree to an extension with New Jersey, pending the deal. Mannix says the Nets are convinced of that now.

UPDATE 10:12 p.m. ET: Woj at Yahoo! now reports that deal is on hold as Denver is contemplating whether they want more assets. The deal is on hold as of now and this could kill things. Two other teams have walked off from previous talks because Masai Ujiri decided to get cute by agreeing, then changing the bar height.

  1. bigtrav425 - Jan 9, 2011 at 7:07 PM

    thats absolutely without a doubt to much to give up for Carmelo.The nets are insane!…however if im a Denver fan im loving this if it happens

    • zackd2 - Jan 9, 2011 at 7:29 PM

      That’s one way to look at it.
      Or they’re giving up an oft-injured PG, a raw big man, and a shooter they just signed. Plus 2 draft picks, with this year being a weak draft from what people say, and who knows where that other pick lands.

  2. jmclarkent - Jan 9, 2011 at 7:39 PM

    If Detroit was smart, they’d force whomever wants Prince to eat Gordon or Charlie V’s contract as well.

  3. edanaharony - Jan 9, 2011 at 10:18 PM

    Carmelo Anthony is going to be a Net no later than Friday. The west is all depleted of talent. Edan Aharony

  4. jstrizzle - Jan 9, 2011 at 10:55 PM

    Carmelo Anthony is a Bitch! He will be cursed in New Jersey.

  5. polegojim - Jan 9, 2011 at 11:37 PM

    Dear Carmelo –

    Thank you for a number of average years, and for providing us with trade and draft future.

    Learn to play defense and hustle when the ball isn’t in your hands.

    Good bye.

    Sincerely,

    Denver Nuggets Fans

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