Per ESPN…

As of late Sunday night, sources said, New Jersey was poised to receive [Carmelo] Anthony, [Chauncey] Billups and [Rip] Hamilton, with Denver landing two future first-round picks and six players. The Nuggets’ haul would feature Nets rookie Derrick Favors, former All-Star guard Devin Harris and Nets sharpshooter Anthony Morrow. In addition, the Nuggets would bring in the New Jersey threesome of Quinton Ross, Ben Uzoh and Stephen Graham included for salary-cap purposes.

Detroit, meanwhile, was to receive Nets big man Johan Petro and the expiring contract of Nets forward Troy Murphy, with the Pistons motivated to join in by the $17-plus million in long-term savings they’d earn by shedding Hamilton’s contract.

Denver threw a wrench into the works by choosing to play Anthony and Billups in Sunday night’s game against New Orleans. Generally, if a player is about to be traded, the team sits him down until the deal is consummated to avoid a deal-killing injury. The Nuggets’ move indicates that the trade is not as close to the finish line as some would like to believe.

If this deal does go through, it looks fairly equitable from all sides. The Nets get their man, and they also upgrade (in the short term) at point guard. Billups is getting on in years so one wonders if the inclusion of Harris was at the Nuggets’ request. Denver would get a young prospect at power forward (Favors) and a proven guard (Harris) whom they can plug in at the point or move to another team for another piece to the rebuilding puzzle. I suspect that Ty Lawson is the future at point guard in Denver, and Harris could potentially bring in more talent later. After what happened to the Raptors and Cavs this summer, getting Favors and Harris for Anthony and Billups isn’t a bad haul. I’m sure there will be a first round draft pick or two included as well.

If anyone is wondering why Carmelo has apparently become agreeable to signing an extension with the Nets, it’s probably due to the Knicks’ inability to offer the Nuggets something equitable. If Melo finishes the season as a Nugget, the uncertainty of the next collective bargaining agreement could mean that Anthony would leave a lot of money on the table by passing on the Nuggets’ extension offer. In other words, he’d like to lock up his contract now, and since the Nets and Nuggets have worked out a deal in principle, Carmelo can start counting his money. Certainly the prospect of continuing his career with Billups in New Jersey/Brooklyn also has to help.

If this deal does go through as described, the Nets could have a starting lineup of Billups, Hamilton, Anthony, Kris Humphries and Brook Lopez. That might be enough to turn the Nets into a playoff team despite the 10-27 start. After all, they’re only five games out of the 8th and final playoff spot in the East.