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It's Official: Carmelo Anthony Traded to New York Knicks

The long, drawn-out, tired, overblown, never-ending, gossip-laden Carmelo Anthony trade saga has finally ended. Months after saying he would not re-sign with the Denver Nuggets after his contract expired at the end of the 2010-11 season, 'Melo is headed for New York and Madison Square Garden.

Carmelo Anthony is a New York Knick -- and it's supposedly what he wanted right from the very beginning. The only thing left is for Anthony to sign a new deal and prove the Knicks haven't handed over half their franchise without a future guarantee. Technically, Anthony becomes a free agent after the season ends. He could leave New York and sign with any team.

But that's highly unlikely. He most likely agreed on a deal with the Knicks before the trade was finalized. Once in New York, he'll likely sign a three-year contract extension.

Meanwhile, the Nuggets lose their best player and get a bunch of guys in return. Here's how the swap looks:

New York gets: Carmelo Anthony, Chauncey Billups, Anthony Carter, Shelden Williams, and Renaldo Balkman.

Denver gets: Wilson Chandler, Danilo Gallinari, Raymond Felton, Timofey Mozgov, New York's 2014 1st Round Pick, and Golden State's 2012 and 2013 2nd Round Picks. The Nuggets will also get $3 million in cash.

The Timberwolves get:Anthony Randolph and Eddy Curry.


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