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In Rush to Keep Anthony From Nets, Did Knicks Panic and Overpay?

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Did Carmelo Anthony's desire to sign a contract extension and the Knicks' fear that the Nets would wind up with him lead James Dolan to panic and give away all the team's depth? Yes, writes Howard Beck, who covers the Knicks for the Times.

In discussing 'Melo's unwavering desire to sign a $65 million contract, Beck writes, "Knicks officials knew this, too, which is why they rushed to meet Denver’s high demands rather than risk losing Anthony to the Nets. They believed, as others did, that Anthony would have signed an extension with the Nets. He might never have reached free agency."

So, Beck writes, "the Knicks are living with a roster full of holes and severe limitations in trying to plug them."