Source: Needle Moving Towards Deal Getting Done

I just spoke with someone with knowledge of trade negotiations, which all day have been reported as at a stalemate or standstill with neither side budging, who would only say that there are “signs pointing to a deal getting done” bringing Carmelo Anthony to the Knicks.

There were no particulars to any deal, or confirmation of other reports, just that the needle seems to be moving in the direction of Denver and New York agreeing on a deal.

One caveat via the source:

We both know these things can change 20 times in an hour

There is no timetable to when a deal could be reached, but Anthony himself, complaining of a lack of sleep, has stated he wants this to get done sooner than later.

With the Nets once again, reportedly out, confirming numerous TKB reports about Anthony not wanting to extend in New Jersey, it will be interesting to see if the Knicks have lessened their offer.

Stay tuned.