Update: The NY Post is reporting that the Knicks are parting ways with team president/GM Donnie Walsh, who will be replaced in the interim by senior VP Glen Grunwald.  Do not be shocked if rumors heat up about the possible return of Isiah Thomas who owner James Dolan still consults with about the team. 

Update:  Knicks guard Chauncey Billups left Sunday's game against the Celtics late in the fourth quarter with a strained left knee and did not return.  Billups was seen limping in the post game interviews and his status for the remainder of the series is in serious doubt. Stay tuned for more as we get closer to Game 2.

After months of deliberation, the New York Knicks have finally acquired all-star forward Carmelo Anthony from the Denver Nuggets. It was a three team deal involving eleven players and draft picks. The deal is as follows:

Knicks get: Carmelo Anthony, Chauncey Billups, Ronaldo Balkman, Shelden Williams, Anthony Carter and Corey Brewer.

Nuggets get: Wilson Chandler, Danilo Gallinari, Raymond Felton, Timofey Mozgov, a 2014 first round pick, and two second round picks. 

Timberwolves get: Anthony Randolph and Eddy Curry.