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Breaking: Knicks, Rockets working on Carmelo Anthony trade including 4-team deal

The New York Knicks and the Houston Rockets have started working potential trade scenarios that include four-team deals, according to ESPN’s Adrian Wojnarowski. While both sides are motivated to get a deal done, there hasn’t been an imminent agreement on terms to this moment.

The Knicks have spent a whopping $80 million on shooting guards between the signings of Tim Hardaway Jr. and Ron Baker, leaving them very little flexibility to take on larger contracts.

The Rockets on the other hand have gone all-out in the signing of free agents, completely revamping their second unit, as well as adding a perennial All-Star point guard to the mix in Chris Paul.

A multi-team deal would be the only way these teams could facilitate the acquisition of young assets in return for Anthony.

As always, the more teams involved, the more complicated a trade can get, as one wrong move can offset the entire trade, bringing it to a start from scratch or even a possibility of having a team pull out of the trade scenario altogether.

The Rockets want Anthony and the Knicks want to rid themselves of their All-Star forward and the $54.2 million he is owed during the next two seasons, but it won’t be an easy task to get a trade done unless both teams are willing to make major concessions to make this happen.