It has been reported that the New York Knicks have made their first major move under the stewardship of Phil Jackson:
Sources tell ESPN that Mavericks are in advanced talks on deal to complete trade that will bring Chandler and Raymond Felton to Dallas
— Marc Stein (@ESPNSteinLine) June 25, 2014
A link on NBA.com has also stated the the deal would also include swing man Wayne Ellington. This makes the final trade center Tyson Chandler and point guard Raymond Felton heading to the Mavericks for point guard Jose Calderon, center Samuel Dalembert, point guard Shane Larkin and Ellington.
The departure of Chandler will free up a significant amount of salary cap space prior to the July 1st free agency period. Chandler was due to make $14.1 million next season for the Knicks before becoming an unrestricted free agent at the end of the season. The addition of Calderon does tie up some of the Knicks salary in the long term however, as he is due between $6.7 million and $7.7 million every year until 2017.
Both Dalembert and Calderon were starters for a Mavericks team that won 49 games last season.
Chandler was the starting center for the Mavs during their only NBA championship in 2011.
UPDATE: The Knicks will reportedly Also acquire the Mavericks two draft selections in tomorrow nights draft, the 34th and 51st picks overall. Both are second round selections.