The Denver Nuggets have acquired F Renaldo Balkman and cash considerations from the New York Knicks in exchange for G Taurean Green, F Bobby Jones and a 2010 second round draft pick, team Vice President of Basketball Operations Mark Warkentien announced today.

Balkman, 6-8, 208-pounds, averaged 3.4 points and 3.3 rebounds in 65 games for New York last season. Originally drafted by the Knicks after his junior season at the University of South Carolina in the first round (20th overall) of the 2006 NBA Draft, the Staten Island-native finishes his career in blue and orange having played in 133 career games, averaging 4.2 points, 3.8 rebounds and 15.2 minutes over two seasons.

Green, 6-0, 177-pounds, averaged 1.6 points and 4.4 minutes in 17 games last season for both Portland and Denver. Originally drafted by the Trail Blazers after his junior season at the University of Florida in the second round (52nd overall) of the 2007 NBA Draft, Green was acquired by the Nuggets on Feb. 21 in exchange for guard Von Wafer. In addition the Fort Lauderdale, FL-native appeared in eight total games in the NBA Development League with the Idaho Stampede and Colorado 14ers.

Jones, 6-7, 215-pounds, averaged 3.8 points and 11.3 minutes in 47 games last season for San Antonio, Miami, Houston, Memphis and Denver. In addition, the Compton, CA-native appeared in fives games in the NBA Development League with the Sioux Falls Skyforce. Originally drafted by Minnesota out of the University of Washington in the second round (37th overall) of the 2006 NBA Draft, Jones was traded to Philadelphia and appeared in 44 games for the 76ers last season.

InsideHoops.com says: The Knicks just needed to clear some roster space and they apparently don’t feel that Balkman is going to really help a rotation on a winning team. The guys they’re trading for will wind up being cut. But both Green and Jones are good enough to play in the league, so if they do get released someone should sign them. Green is considered more valuable than Jones.