New York State Of Mind: MSG Shares Up 1% On Carmelo Anthony Arrival (MSG)

Madison Square Garden, Inc.

shares are up 29 cents to $28.31, a gain of just over 1% on back of the news that the New York Knicks have traded for Carmelo Anthony in an 11 player trade. The Knicks sent Danilo Gallinari, Wilson Chandler, Raymond Felton Timofey Mozgov and a 2014 first-round draft pick to the Nuggets, and in exchange received Anthony, New York would acquire Chauncey Billups, Shelden Williams, Anthony Carter and Renaldo Balkman. As part of the deal, the Knicks sent Eddy Curry and Anthony Randolph to Minnesota for Corey Brewer. "I'm glad it's over," Nuggets coach George Karl said, according to the newspaper. "I'm glad it's an opportunity to reinvent. I think everybody handled it as classy as you could handle it. There's some sadness to it, there always will be."