The Nuggets will not be a championship team with Melo. This is a response to the Nuggets signing him to a 5 year $79 million extension. First, just because he won at Syracuse in college doesn't mean he's good enough to lead his team to the NBA championship. Many players are older, have a better work ethic, and have matured as players, and therefore have left him behind in the dust. Obviously Wade is a much better player now than he was with Marquette. It's just a reality. It doesn't mean that it's a bad idea for the Nuggets to extend Melo because it's not.
Every team needs an identifiable face and star player. Melo is that for Denver. The only problem is, he's less of a player than other team's stars, and the Nuggets therefore won't be as good either. He's not as good as Nash, Marion, and Amare of Phoenix, Duncan or Ginobili of San Antonio, Dirk of Dallas, Brand of the Clippers, Kobe, Pau, you name it, those guys are all better and that's in the West alone. But he is a marquee name, and that it's good for the city of Denver to keep him locked up, just don't expect them to go to a NBA championship with him.