NBA Superstar Carmelo Anthony is finally being traded to the New York Knicks after Tuesday in a 3 team trade. The trade also involved the Denver Nuggets along with the Minnesota Timberwolves.
Denver is receiving-- Danilo Gallinari, Raymond Felton(notes), Wilson Chandler(notes), the Knicks’ 2014 first-round pick, two second-round picks (New York acquired from the Golden State Warriors in the David Lee sign-and-trade) and $3 million.
The Timberwolves received-- Anthony Randolph(notes) and Eddy Curry’s(notes) expiring contract
Knicks receive-- Corey Brewer(notes)(from Minnesota), Carmelo Anthony, Chauncey Billups(notes), Shelden Williams(notes), Renaldo Balkman(notes) and Anthony Carter.
The biggest detail in the deal is Carmelo signing a 3-year $65 million contract extension, which if he doesn't sign, it may not be available to him after the current NBA collective bargaining agreement expires after the season. Also, Billups can have the final year of his contract bought out after the season for about $3.7 million, but a league source said the Knicks plan to keep him. The New Jersey Nets were willing to trade Derrick Favors (rookie drafted #3 overall this year) and four future first round picks for Carmelo Anthony but he was unwilling to sign an extension with New Jersey.
This trade is starting to broaden a trending pattern where big money market teams are starting to stock pile superstars together such as Boston, Miami, and The Lakers have already done. While small market teams are stuck with future draft picks and decent and good young talent to build their franchise upon. However, to do this many role players on these big market teams have cut their salaries for cap room. Before a team evens lands multiple superstars, the team trades away players in order to create cap space to land big name players. Teams are trying to do this now because after the NBA's current collective bargaining agreement expires; the max salary for NBA superstars will decrease, in part with the economy also.
No comments:
Post a Comment