The New York Daily News’ Stefan Bondy claims multiple sources have confirmed a proposed 4-way trade that would sent Carmelo Anthony to temporary Newark residents, The Nets, has been approved by the Baltimore native. Here’s some free advice for James Dolan — pay Isiah Thomas to tell elite players NOT to sign with the Knicks.  Doing the opposite hasn’t worked at all, so why not try another approach?

The proposed deal – which would also involve the Jazz and Bobcats – would have Favors going back to Denver, along with Utah’s Andrei Kirilenko and multiple draft picks from the Nets and Warriors (the Nets hold Golden State’s first-round pick in 2012).

Harris would be sent to Charlotte, while Boris Diaw would be shipped from Charlotte to Utah. Other role players are being discussed as part of the complex trade.

According to a source, the Nuggets will make a final effort this weekend to convince Anthony to return after his contract expires next summer. But after Anthony refused to sign a three-year extension that’s been on the table since June – and after he turned down an opportunity this month to express any loyalty to the Nuggets in an interview with the News – it’s unlikely the three-time All-Star will change his mind.

Anthony has approved the deal, according to an NBA source, which is important because it’s contingent on him signing an extension with the Nets.

The Nets must also worry about teams swooping in with 11th-hour offers. Chicago, a preferred destination for Anthony, could reportedly change everything by offering Joakim Noah to Denver.