Knicks, Nuggets Talk Udrih, Jordan Hamilton

THURSDAY, 7:09am: The swap of Udrih for Hamilton could depend on whether the Nuggets are able to unload Andre Miller, according to Begley and Stein’s latest piece.

WEDNESDAY, 8:02pm: The deal appears to be Udrih for Hamilton right now, with the Knicks yet to convince Denver to part with Faried, write ESPN’s Begley and Stein. In a separate tweet, Stein indicates that the Wizards are still interested in Udrih’s services and are lobbying the Knicks to switch trade partners.

FEBRUARY 19TH, 1:09pm: The Knicks are still making an effort to acquire Faried for Shumpert, tweets Ian Begley of ESPNNewYork.com, who also confirms that Hamilton and Udrih remain a part of the talks (Twitter links).

FEBRUARY 11TH, 5:02pm: According to Stein, a source close to the situation says that if talks were to progress into a serious stage, one likely scenario would involve Shumpert and Beno Udrih in exchange for Faried and swingman Jordan Hamilton. The issue, however, is that New York hasn’t been able to persuade Denver to consider the idea.

Faried’s $1.4M salary for 2013/14 makes it difficult to find a deal that would yield equal value, leading Stein to presume that Denver would require any potential trade partner to additionally take back a long-term contract. The Knicks are wary of making any moves that would hinder their cap flexibility in 2015, especially one that would involve taking back long-term money for short-term gain.

2:38pm: The Knicks are once more trying to pry Kenneth Faried from the Nuggets in exchange for Iman Shumpert after their initial push for such a trade failed in November, tweets Marc Stein of ESPN.com. Those talks fell through when Denver asked New York to include multiple draft picks, presumably including a first-rounder. The Knicks already owe this year’s first-round pick to the Nuggets from the Carmelo Anthony trade, and they can’t trade their 2015, 2016 or 2017 first-rounders, either.

A pair of reports from the last two days say the Nuggets are open to trading Faried, even though they deny it. Shumpert has largely remained out of rumors since a late-December meeting in which Knicks owner James Dolan told the team’s players that there would be no trades or coaching changes. Nevertheless, a report soon thereafter noted that New York’s front office was continuing to pursue deals.

The Knicks have also reportedly thrown Shumpert into a proposal to the Celtics for Rajon Rondo, but they were cool on talks to send him to the Raptors for Kyle Lowry. The Cavs and Lakers are among the teams that also have been linked to the defensive-minded wing. Ryan Raroque of Hoops Rumors examined Shumpert as a trade candidate in late November.

There’s been less chatter about Faried, but opposing GMs still expect the Nuggets to move him. He, like Shumpert, will be up for a rookie scale extension this summer, though Denver is reluctant to shell out significant money for the power forward.