"The Knicks and Nuggets are discussing a trade that would send 2006 first-round pick Renaldo Balkman to Denver for point guard Taurean Green and small forward Bobby Jones, an NBA front-office source told Newsday last night," writes Ken Berger.

Green and Jones might be waived if the deal is completed.

In an attempt to cut salary, the Knicks "are known to be looking to move [Zach] Randolph's contract, and are involved in other trade discussions with several teams."