I think Carmelo Anthony is a widely overrated player, but the deal announced today for the New York Knicks to acquire him seems like a good trade anyway. That’s because they managed to give up assets—Danillo Galinari, Wilson Chandler, and Timofey Mozgov—that aren’t worth a huge amount either. Swapping Raymond Felton for Chauncey Billups at point guard obviously makes you older and darkens the outlook over the long term, but Billups is still the better player today.
Best of all, the Knicks hang on to underrated low volume / high efficiency guy Landry Fields and also acquire underrated low volume / high efficiency guy Renaldo Balkman from Denver. He’s gotten very few minutes from the Nuggets, but he’s been good, and he played more in his earlier stint with the Knicks. A lineup of Billups, Fields, Anthony, Balkman, and Stoudemire as coached by Mike D’Antoni ought to be quite potent mix of complementary skills.