Phil Jackson might be on the verge of making his first big trade as a part of the New York Knicks organization.

According to ESPN's Marc Stein, the Knicks and the Dallas Mavericks are currently in talks to make a deal that would send Tyson Chandler and Raymond Felton to the Mavs in exchange for Samuel Dalembert, Jose Calderón, and Shane Larkin (there's a chance that Wayne Ellington could be involved in the trade, too). Nothing has been finalized yet. But it sounds like this is more than just a loose idea that the two sides have floated out there:

Stay tuned to see if the deal goes through. If it does, who wins here?

UPDATE:

The Knicks might get more than just Dalembert, Calderón, and Larkin in the deal. Wayne Ellington is reportedly a part of the package that the Mavericks are offering. And the Knicks would also receive draft picks—yes, Knicks fans, DRAFT PICKS!—in exchange for Chandler and Felton:

UPDATE 2:

The deal is done! Chandler and Felton for Dalembert, Calderon, Larkin, Ellington, and the 34th and 51st picks in the 2014 NBA Draft.

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[via @ESPNSteinLine]