Breaking News: Carmelo Anthony Traded To New York Knicks—12 Players Involved

Carmelo Anthony has finally been traded after an entire All-Star Weekend of deliberations. 

The Nuggets have granted Carmelo his wish and traded him to the New York Knicks tonight, a league source said.

Denver gets:
Wilson Chandler
Raymond Felton
Danilo Gallinari
Timofey Mozgov
the Knicks 2014 first-round draft pick
the Warriors' 2012 second-round pick (obtained from previous trade)
the Warriors' 2013 second-round pick (obtained from previous trade)
$3 million in cash.

The Knicks receive
Carmelo Anthony to pair with Stoudemire
Chauncey Billups
Shelden Williams
Anthony Carter
Renaldo Balkman.

Anthony was not at the Nuggets' practice when the team resumed after the break.

Billups declined to speak to media after practice.

Coach George Karl is said to have pushed strongly for the Knicks deal over the Nets deal, citing a win-now mentality for the team.

The trade is expected to be made official tomorrow, Tuesday 2/22, when the league office reopens.

Over All-Star Weekend, Anthony met with Nets billionaire owner Prokhorov, and had "positive" talks, but the Nets lost out to the Knicks after Anthony continued to be reluctant to sign a three-year $65 million contract extension with the Nets.

Look for multiple side deals to begin as a result of this blockbuster. Teams such as Portland, New Jersey, and Minnesota have been linked with pieces such as Anthony Randolph, Andre Miller, Devin Harris, and Corey Brewer on the move.

Reports have also come out with the Knicks buying out an unhappy Chauncey Billups.

Sources: Frank Isola, Alan Hahn, Denver Post