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Nets walk away from Carmelo Anthony trade

Jan 19, 2011, 6:12 PM EST

Cavaliers Nuggets Basketball

Nets owner Mikhail Prokhorov has told Nets management to walk away from all Carmelo Anthony negotiations. He has reportedly cancelled a meeting with Anthony, and says his decision is final. The Denver Post has a recap of what Prokhorov said during a pre-game news conference on Wednesday about his decision to walk away from the table:

“There comes a time when the price is simply too expensive,” he said during a news conference in New Jersey this afternoon.

“I’m instructing our team to walk away from the deal.”

Prokhorov said his meeting with Anthony, which was set for Thursday, is canceled.”It’s been too long and too expensive,” he said. When asked if that was a final decision, he responded, “for sure.”

This is probably the right move for the Nets going forward. The team’s season is all but over, adding Carmelo would have severely hampered the team’s ability to build a quality roster going forward, Anthony almost certainly would not have made the team a title contender on his own, and he could have completely crippled the team if he refused to sign an extension with them. The Nets would have had a superstar to sell to their fans when they do move to Brooklyn, but that’s very similar to the reasoning Isiah Thomas used to make the infamous Stephon Marbury trade.

As for Carmelo, things are going to get really interesting now. One would think that the Knicks have much more leverage than they did a few hours ago, and could get Carmelo without having to completely sell the farm.

And don’t forget about the Bulls, who are back in the hunt as of today and could see Anthony as the piece that would make them legit title contenders. Anthony could wait for his contract to expire and choose his team next summer, but the looming threat of a new CBA would probably mean doing so would cost him millions of dollars. With less than a month to go until the trade deadline, the ‘Melo drama is only going to get more intriguing.

  1. donbp - Jan 19, 2011 at 6:39 PM

    You don’t spend 6 months and walk away. Obviously Prokhorov was told there easn’t a snoball’s chance in hell that Anthony would have anything to do with that team.

  2. jmad34 - Jan 19, 2011 at 6:48 PM

    So you guys think this is just a ploy to get Denver to accept a lesser deal?! I personally think so. If not, it looks like NY may have just won the jackpot being the lone candidate left.

    http://fanaticvice.com/breaking-news-nets-drop-out-of-carmelo-anthony-sweepstakes/

  3. goforthanddie - Jan 19, 2011 at 7:39 PM

    Mr. Vasquez isn’t worth the hype, and he wasn’t worth what was being discussed. Nice to see Comrade Owner put his foot down.

  4. jstrizzle - Jan 19, 2011 at 8:31 PM

    The real question is what if the trade deadline comes and goes. Is Anthony willing to give up like 10 or 15 million to go wherever he wants but take a much smaller deal than he could get in Denver. I think Denver is still very much in charge.

    • petermcd88 - Jan 19, 2011 at 9:55 PM

      Or is Denver really going to let Melo walk away for nothing ( meaning not only no player in return but a draft pick that reflects their play with Melo there the whole season). Plus if he loses 10 or 15 mil in salary he may gain that back in endorsements if he plays in NY or Chicago. If Denver walks in to next season with nothing for Melo they will lose a helluva lot more than that in ticket sales.

      • zackd2 - Jan 19, 2011 at 10:09 PM

        Exactly. Think Melo has kept his eye on Amar’e and see how he went from being “overrated product of Steve Nash” to Mr. NY in 6 months? Absolutely.

  5. bigtrav425 - Jan 19, 2011 at 9:23 PM

    Smart man…didnt become a millionaire for no reason

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