Hochman, Benjamin, and Chris Dempsey. "Carmelo Anthony Traded to New York Knicks in Blockbuster Deal - The Denver Post." Colorado Breaking News, Sports, Weather, Traffic - The Denver Post. Web. 09 Sept. 2011. http://www.denverpost.com/nuggets/ci_17443219.
Carmelo Anthony, one of the best players in the NBA, was traded to the New York Knicks. The Denver Nuggets received Wilson Chandler, Raymond Felton, Danilo Gallinari, Timofey Mozgov, the Knicks 2014 first-round draft pick, the Warriors' 2012 second-round pick, the Warriors' 2013 second-round pick and $3 million in cash. The Knicks also acquired Chauncey Billups, Shelden Williams, Anthony Carter and Renaldo Balkman.
There are many concepts from class that apply to this article. The knicks traded Carmelo in return for other players. A Trade-off is a situation that involves losing one quality or aspect of something in return for gaining another quality or aspect. In the Knicks case they traded most of their good players in return for a NBA superstar.
The concept of Opportunity cost was also related in this article. Oppurtunity Cost is the cost of any activity measured in terms of the value of the best alternative that is not chosen. In Carmelo's situation he got traded by the Nuggets because he was most likely going to go somewhere else in the offseason. So, the Nuggets didn't want to lose their Superstar for nothing, they used their last option and traded Carmelo for a few good players.
Hochman, Benjamin, and Chris Dempsey. "Carmelo Anthony Traded to New York Knicks in Blockbuster Deal - The Denver Post." Colorado Breaking News, Sports, Weather, Traffic - The Denver Post. Web. 09 Sept. 2011. http://www.denverpost.com/nuggets/ci_17443219.
Carmelo Anthony, one of the best players in the NBA, was traded to the New York Knicks. The Denver Nuggets received Wilson Chandler, Raymond Felton, Danilo Gallinari, Timofey Mozgov, the Knicks 2014 first-round draft pick, the Warriors' 2012 second-round pick, the Warriors' 2013 second-round pick and $3 million in cash. The Knicks also acquired Chauncey Billups, Shelden Williams, Anthony Carter and Renaldo Balkman.
There are many concepts from class that apply to this article. The knicks traded Carmelo in return for other players. A Trade-off is a situation that involves losing one quality or aspect of something in return for gaining another quality or aspect. In the Knicks case they traded most of their good players in return for a NBA superstar.
The concept of Opportunity cost was also related in this article. Oppurtunity Cost is the cost of any activity measured in terms of the value of the best alternative that is not chosen. In Carmelo's situation he got traded by the Nuggets because he was most likely going to go somewhere else in the offseason. So, the Nuggets didn't want to lose their Superstar for nothing, they used their last option and traded Carmelo for a few good players.