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09:26 AM ET 01.22 | A deal with the Nuggets appears to be, according to one source familiar with the situation, "problematic." But Knicks president Donnie Walsh still has a backup plan -- hoping Carmelo Anthony becomes a free agent, and the two teams working on a sign-and-trade during the summer. A 1050 ESPN New York report stated the Knicks have been rejected by Denver on an offer this week of Wilson Chandler, rookie Landry Fields and a first-round pick the Knicks presumably can obtain for Anthony Randolph. If the report has merit, Eddy Curry's expiring contract would have been included in the package. . "Donnie doesn't want to give up five pieces in this," one source said.

Carmelo Anthony, Doug Pensinger/Getty Images

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January 22, 2011 09:33 AM ET

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Well thats good....Like I have always said BUILD!!!! Why trade important pieces now when you can get what you want in 4 months and keep ALL your pieces....Its not like if they trade for Melo that it puts the Knicks OVER the top and Championship team anyways...

K.I.G.

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January 22, 2011 09:41 AM ET

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And how about a 3 way deal where the Bulls offer their first round pick + Johnson/Bogans or Brewer for Chandler and Fields ?

Bat

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January 22, 2011 10:39 AM ET

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Denver is going to keep holding out and end up w/nothing for melo at all. They should just take the NY deal and move on. Melo may just play out the season and denver will be left at the alter.