Skip to content

Report: Carmelo Anthony has until June 23 to notify Knicks if he plans to opt out, become a free agent

Jun 11, 2014, 5:24 PM EDT

NBA All-Star Press Conferences and Media Availability 2014 Getty Images

It’s been widely expected that Carmelo Anthony will exercise the early termination option on the final year of his contract, leaving $23 million on the table in order to sign a new max deal as an unrestricted free agent.

But ever since the Knicks hired Phil Jackson as president of basketball operations, that seems slightly less certain than it once was.

Jackson’s ideal plan for rebuilding in New York is centered around Carmelo Anthony opting in for next season, and waiting until the following one to sign that five-year max contract, which could give the Knicks some additional flexibility to pursue big names in the more loaded free agent class of 2015.

While that remains a long shot, Anthony must notify the team of his decision about a week before the free agency period begins.

From Marc Stein of ESPN.com:

Carmelo Anthony has until June 23, essentially one week before the start of free agency, to notify the New York Knicks if he plans to opt in or out of the final year of his current contract, according to sources familiar with the terms of his deal.

Sources told ESPN.com that Knicks president Phil Jackson is continuing to urge Anthony to exercise next season’s $23.3 million player option and put off unrestricted free agency for one more year. …

Jackson’s pitch to Anthony — which sources say he has delivered more than once over the past month — is founded upon the notion that the Knicks will have increased financial flexibility in the summer of 2015 to bring in a marquee free agent to pair with a re-signed Anthony.

It’s likely that there’s far too much risk associated with not signing a max contract the moment that opportunity presents itself, and Anthony will be hard-pressed to wait a year to do so, even while collecting more than $23 million in salary for next season if that’s the choice that is made.

But what Jackson is ultimately advocating for here is something he mentioned soon after accepting his new position.

The Knicks ultimately want Anthony to sign his five-year deal for less money than the maximum, in order to give the team more salary cap dollars to expedite the rebuild of the franchise. It’s possible that Anthony could do that now with an eye toward 2015, but honestly, there isn’t any motivation for him to do so.

If Jackson can present one or two All-Star free agents that are ready to join the Knicks in 2015, however, it makes it more appealing for Anthony to agree to take less money at that point, when there is a concrete and legitimate reason.

Anthony would reportedly look closely at the Bulls, Rockets and Mavericks if he opts out and becomes a free agent this summer, and any of those decisions would mean foregoing more than $30 million that he could keep by re-signing a max deal with the Knicks.

Taking less money to play for a winner is an option Anthony will have whether he chooses to stay in New York or play somewhere else. But whatever he decides, the deadline is less than two weeks away.

Latest Posts
  1. Lakers work out seven NBA veteran free agents beyond Michael Beasley

    Aug 28, 2014, 12:20 AM EDT

    New Orleans Pelicans v Los Angeles Lakers Getty Images

    Dexter Pittman, Greg Stiemsma, Daniel Orton, Bobby Brown, Toney Douglas, Ben Hansbrough and Malcolm Lee try out

  2. Robbie Hummel to release hip-hop album. Wait. What?

    Aug 27, 2014, 11:20 PM EDT

    Robbie Hummel Robbie Hummel

    NBA news you definitely didn’t expect to read today

  3. Jerry Colangelo on James Harden leading Team USA: ‘He’s the one’

    Aug 27, 2014, 10:20 PM EDT

    Puerto Rico v United States Getty Images

    Rockets guard continues to draw praise after offseason of petty comments

  4. Dion Waiters: Kevin Love ‘thinks I’m underrated’ and ‘knows I pass the ball’

    Aug 27, 2014, 7:22 PM EDT

    Dion Walters, Kevin Love Dion Walters, Kevin Love

    Waiters on the possibility of playing with Love, LeBron James and Kyrie Irving: ‘I’ve got to destroy my opponent’

  5. Michael Beasley gets second Lakers workout

    Aug 27, 2014, 5:00 PM EDT

    Los Angeles Lakers v Miami Heat Getty Images

    Former No. 2 remains unsigned after disappointing season with Heat

  6. Doc Rivers got PAID

    Aug 27, 2014, 4:22 PM EDT

    San Antonio Spurs v Los Angeles Clippers Getty Images

    New contract with Clippers makes Rivers the NBA’s highest-paid coach

  7. Russian guard Dmitry Kulagin, with Kings interest, considering jumping to NBA

    Aug 27, 2014, 3:41 PM EDT

    Adidas Eurocamp - Day 3 Getty Images

    Kulagin, 22, went undrafted and is now an unrestricted free agent

  8. Cavaliers sold Kyrie Irving on contract extension with LeBron James-Kevin Love plan

    Aug 27, 2014, 2:22 PM EDT

    Cleveland Cavaliers v Miami Heat Cleveland Cavaliers v Miami Heat

    Go back to July 1 and consider the possibility of LeBron James and Kevin Love playing for Cleveland this season

  9. Kevin Love says Timberwolves owner should focus on his own team following trade to Cavaliers

    Aug 27, 2014, 1:02 PM EDT

    Kevin Love Kevin Love

    Minnesota’s owner tried to point out some of Love’s flaws once the deal was done.

  10. Doc Rivers signs contract with Clippers through 2019

    Aug 27, 2014, 12:21 PM EDT

    Doc Rivers, Steve Ballmer Doc Rivers, Steve Ballmer

    Clippers owner Steve Ballmer calls keeping Rivers ‘one of my top priorities’

  11. Donald Sterling doesn’t appeal, basically throws in towel on owning Clippers

    Aug 27, 2014, 11:46 AM EDT

    Donald Sterling, V. Stiviano Donald Sterling, V. Stiviano

    Donald Sterling will try to embarrass the league going forward, but he will not ever own the Clippers again.

  12. Iman Shumpert excited to play in triangle offense because he won’t just have to stand in the corner

    Aug 27, 2014, 10:31 AM EDT

    Miami Heat v New York Knicks Getty Images

    Shumpert and other Knicks will love an offense with player and ball movement… if ‘Melo shares the rock.

  13. Sixers GM says he never had conversations about acquiring Anthony Bennett

    Aug 27, 2014, 9:51 AM EDT

    Sam Hinkie

    Sixers value a pick in next year’s draft more than they do Bennett at this time.

Featured video

Will LeBron get booed Christmas Day in Miami?
Top 10 NBA Player Searches
  1. K. Love (3813)
  2. D. Rose (3259)
  3. T. Young (2554)
  4. K. Bryant (2515)
  5. L. James (2495)
  1. K. Irving (2404)
  2. A. Davis (1945)
  3. G. Hayward (1864)
  4. R. Allen (1817)
  5. E. Bledsoe (1739)