Carmelo Anthony Trade Rumors: Nets, Nuggets Agree to Deal Pending Melo's Approval

Matt WagnerCorrespondent IIFebruary 18, 2011

DENVER, CO - FEBRUARY 10:  Carmelo Anthony #15 of the Denver Nuggets looks on during a break in the action against the Dallas Mavericks during NBA action at the Pepsi Center on February 10, 2011 in Denver, Colorado. The Nuggets defeated the Mavericks 121-120. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement.  (Photo by Doug Pensinger/Getty Images)
Doug Pensinger/Getty Images

Breaking news just came across the wire regarding the New Jersey Nets' effort to acquire Denver Nuggets forward Carmelo Anthony.

According to The Bergen Record's Al Iannazzone, the Nets have reached a tentative agreement with the Nuggets to ship Anthony to New Jersey. The deal, which Anthony can veto by not signing a three-year, $65 million extension, would include the Nuggets receiving up-and-coming star Devin Harris, third overall pick Derrick Favors, Troy Murphy, Ben Uzoh and four first-round draft picks.

In exchange the Nets would receive the aforementioned Anthony, Chauncey Billups, Shelden Williams, Melvin Ely and Renaldo Balkman.

Of course, the one critical roadblock is Carmelo Anthony signing the now infamous extension, and the Nets and New York Knicks will meet with the All-Star forward over All-Star Weekend to attempt to convince him to sign the extension.

It is well-known that Anthony wants to go to the Knicks, but with the Nets moving to Brooklyn in two seasons, the prospect of playing in New York, even if it is as a member of the Nets, could convince Anthony to sign the extension and ultimately become the newest member of the New Jersey Nets.

I will provide an update on this article when more information becomes available.