On This Date: Knicks acquire Melo

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February 22nd 2011: Carmelo Anthony finally traded to the Knicks

In one of the most anticlimactic deals of the 2011 trade deadline, the Knicks finally acquired Melo from the Denver Nuggets in what amounted to be a 3-team trade. The trade is broken down below:

Knicks traded:

Danilo Gallinari, Wilson Chandler, Raymond Felton, Timofey Mozgov, Eddy Curry, Anthony Randolph, 2012 2nd round pick, 2013 2nd round pick, 2014 1st Round Pick, 2016 1st Round Pick Swap

Knicks acquired:

Carmelo Anthony, Chauncey Billups, Renaldo Balkman, Corey Brewer (later waived),Β Anthony Carter, Sheldon Williams, 2016 1st round pick swap (Nuggets)

Nuggets traded:

Carmelo Anthony, Chauncey Billups, Anthony Carter, Sheldon Williams, 2015 2nd round pick, 2016 1st round pick swap

Nuggets acquired:

Danilo Gallinari, Wilson Chandler, Raymond Felton, Timofey Mozgov, 2012 2nd round pick (Knicks), 2013 2nd round pick (Knicks), 2014 1st round pick (Knicks), 2016 1st round pick swap (Knicks), Kosta Koufos

Timberwolves traded:

Corey Brewer, Kosta Koufos

Timberwolves acquired:

Eddy Curry, Anthony Randolph, 2015 2nd round pick (Nuggets)

This was a very large trade. After the Knicks lost out on LeBron James in the Summer of 2010, the team faced pressure to find a second star to team up with Amare Stoudemire to compete against the Miami Big 3. The Nuggets and Carmelo Anthony were also looking to separate as well. Melo proclaimed to his close friends, at his wedding, of his intentions to join the Knicks.

Donnie Walsh began engaging the Nuggets on various trade offers early on in the season. He was reluctant to give up significant assets for Melo because he assumed he could sign him outright in free agency. As the season progressed, the Nuggets felt a greater sense of urgency to deal Melo to acquire some long-term assets. Likewise, the Nuggets and Knicks were also aware of the impending lockout.

Melo was particularly interested in going to the Knicks before the lockout in order to lock in guaranteed money through an extension. If Melo waited until after the lockout, his market value could have decreased as well.

Heading into the All-Star Break, both Melo & the Nuggets were motivated to get the deal done. Donnie Walsh was also motivated to get the deal done, but was hesitant in giving up an exorbitant package. Melo eventually met with James Dolan during the All Star weekend to discuss the parameters of a trade. Dolan wanted to get a deal done; he was afraid of not capitalizing on the cap space generated from Donnie Walsh’s moves in the prior two seasons.

The deal finalized on February 22nd and ended up becoming a larger package due to the number of assets transferred between both teams. Melo fulfilled his dream to become a New York Knick.

While the package to acquire Melo was substantial, the trade benefitted the Knicks in the long run. Any trade package for Melo would require trading Gallo, who became a fan favorite in MSG. Both Melo & Gallo had a similar style of play. Additionally, Gallinari had several injury-laden seasons since the trade. Wilson Chandler was a free agent at the end of the season and would have to be included in any deal. Chauncey Billups eventually replaced Felton, who the team re-acquired two years later. The loss of Mozgov stung many Knick fans initially, but Tyson Chandler eventually soothed his departure over time.

The inclusion of multiple picks did sting for the franchise as the team reverted back to their losing ways in 2014. The team could have used those picks to accelerate the rebuild during those seasons. However, sacrificing those picks helped the team acquire Melo and fueled a stretch of three straight seasons in the playoffs during his 6+ year tenure. For a franchise that missed the playoffs in all, but one year since 2002, the fans were hungry to get back and compete with the behemoths in the Eastern Conference. Furthermore, the MSG faithful witnessed history with Melo’s 62 point performance in 2014.

The most controversial aspect of the Melo trade is the assertion that the team should have waited until free agency to acquire him. While that assertion sounds good in theory, it was simply not practical due to the impending lockout and the uncertainty surrounding whether they could make a deal work under the new rules.


February 22nd 2001:Β  Knicks re-acquire Mark Jackson

The Knicks re-acquired Mark Jackson on this date from the Toronto Raptors, along with Muggsy Bogues, for Chris Childs and a 2002 1st round pick (Kareem Rush). The team desperately needed an upgrade at the PG position and acquired Jackson to help the team get back into the playoffs. Jackson took over the starting PG role through the 2001-02 season before he was shipped to Denver in the Antonio McDyess trade.

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