Mavs, Knicks complete trade involving Tyson Chandler, Calderon

Berger: Dallas can make strong run at Melo | Grading the trade

In what is expected to be a massive trading frenzy in the NBA, the Mavericks and Knicks struck first with a deal sending Tyson Chandler back to Dallas.

Update: 8:25 p.m.: The trade is official. New York president Phil Jackson commented in a statement:

“The journey to build this team for the upcoming season and beyond continues,” Jackson said. “We have added players with this move that will fit right in to our system while maintaining future flexibility.

“We would like to thank Raymond and Tyson for their time and hard work with the organization over the past few years.”

The Mavericks' official Twitter account welcomed back Chandler:

Update 5:51 p.m.: Multiple sources including USA Today, Yahoo Sports, and ESPN report the deal is done. 

Update 5:15 p.m.: The Mavericks will also include two second-round picks in the deal, according to Ken Berger of

So to finalize, the deal is:

Mavericks get: Tyson Chandler, Raymond Felton

Knicks get: Jose Calderon, Samuel Dalebert, Shane Larkin, No. 34 and No. 51 in the draft. Huge haul for New York who sheds long-term salary but picks up 2015 salary (when they're reportedly going to pursue Kevin Durant) and adds two picks in a deep draft. 

Update 4:55 p.m. 

Ken Berger of confirms the deal is being finalized, and that the deal is "a go." 

ESPN reports that the Mavericks are in "advanced talks" to acquire center Tyson Chandler from the New York Knicks in a trade.

The move is sure to send shockwaves throughout the league a day before the NBA draft if completed. The Mavericks have been said to be interested in reacquiring the man who anchored their defense in 2011 on their way to a title before he left to sign with the Knicks in free agency. 

Acquiring Felton and Chandler takes up $17.7 million in cap space, but the Mavs are flush with it, with few players on long-term contracts, and Calderon himself was set to make just over $7 million next season. 

For the Knicks it gets them a quality young point guard in Larkin and a stable option with the veteran Calderon who can shoot and pass, and Dalembert, whose $3 million contract is only guaranteed at $1.8 million. Should they agree to a buyout, they could clear up to $7.9 million with this move, which would help in adding a free agent next to Carmelo Anthony to help convince him to stay. 

The Mavericks have to swallow Raymond Felton's contract with one more guaranteed year at $3.6 million and a player option for 2015-2016 at $3.9 million. But it gets them the rim protector they've been looking for and will make the fanbase ecstatic to have the former Defensive Player of the Year back in blue. 

If the deal is completed, the NBA offseason is off with a bang. 

Tyson Chandler could be headed back to Dallas.    (USATSI)
Tyson Chandler is headed back to Dallas. (USATSI)

CBS Sports Writer

Matt Moore's colleagues have been known to describe him as a "maniac" in terms of his approach to covering the NBA, which he has done for CBS Sports since 2010. Moore prides himself on melding reporting,... Full Bio

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