The New York Knicks and Dallas Mavericks are reportedly in advanced talks on a trade that would see former Defensive Player of the Year Tyson Chandler return to Big D in a multi-player trade.
ESPN’s Mark Stein (@ESPNSteinLine) first broke news of the discussions.
The deal is still incomplete, though Stein reports the Knicks would also send point guard Raymond Felton to Dallas in exchange for big man Sam Dalembert, guard Jose Calderon and young prospect Shane Larkin. The Mavericks do not have a first-round pick in the upcoming NBA Draft.
With the relatively small contracts both Larkin and Dalembert possess in comparison to Chandler’s large deal, the trade resembles something of a salary dump by the Knicks.
Dalembert’s $3 million final year is only guaranteed at $1.8 million for next season. Calderon’s contract is worth $7 million.
While Chandler and Felton make a combined $17.7 million next season, the Mavs are flush with cap space and would be reacquiring a fan favorite and defensive linchpin of the 2011 title-winning vintage.
Such a move could help the Knicks regardless of Carmelo Anthony’s free agency decision, either allowing the team to carve out cap space to build around the star forward or get them under the luxury tax as they aim to rebuild.