In case you haven't heard by now, the New Jersey Nets have officially taken themselves out of the running for Denver Nuggets superstar Carmelo Anthony's services.
Nets owner Mikhail Prokhorov held a press conference last Wednesday, saying the negotiations were taking too long, all the talk was having a negative effect of the team and the deal was becoming too expensive. For those reasons, he ordered New Jersey's management team to step away and look in a different direction.
There has been some speculation this was a clever negotiating ploy that gave the Nets the upper hand, but for right now, all we know is New Jersey is not looking to trade for Anthony anymore.
The Nets now have a plethora of options to choose from to build their roster. They have the money to sign anyone they want and have enough draft picks over the next two years to make every other team in the league envious.
At 12-32, the Nets obviously aren't going to win a championship this year, and it will be at least a few years before they are really contending for one.
For the immediate future, though, there are a number of moves they can make, and not make, that will allow them to be more competitive for the remainder of this season and going into the next.
Here are 10 of them.