Jun 15, 2014, 12:30 PM EDT
Amar’e Stoudemire has one year remaining on his contract that is scheduled to pay him more than $23 million for next season.
He also has an early termination option which he could exercise, one that would allow him to become an unrestricted free agent and sign a new long-term deal to play somewhere else.
While Stoudemire was productive at times last season, he’s nowhere near the player he once was — a dominant All-Star talent who earned that monster contract in the first place.
For that reason (and others), Stoudemire is reportedly going to stick it out in New York next season.
As most suspected, New York Knicks power forward Amar’e Stoudemire has declined to exercise his early termination option and will return to the Knicks for the 2014-15 season to finish out the final year of his five-year, $100 million deal, a league source informed CSNNW.com.
“He is opting in,” said the source that spoke on condition of anonymity because an official announcement has yet to be made. If he had chose to exercise his ETO, he would have become an unrestricted free agent this summer.
This comes as zero surprise.
Stoudemire’s contract would theoretically make a nice trade piece for the Knicks, considering it’s expiring and would come completely off the cap the following season. But it’s uninsurable due to his history of knee injuries, and that fact alone means that no other team will touch it.
A cursory glance at New York’s cap situation, with Stoudemire’s contract in place, makes it easy to see why Phil Jackson would be trying to talk Carmelo Anthony into opting in for next season, as well.
Having Anthony and Stoudemire both come off the books in time for 2015 would give the Knicks as close to a clean slate as we see in this league, and the team would have an incredible amount of flexibility to rebuild the roster as it sees fit. New York could even consider a future without Anthony — one of the game’s elite scorers to be sure, but one who is 30 years old and will require a max contract of five years to stay in town.
Stoudemire choosing to remain with the Knicks next season was expected, however, and it means that New York will need to wait until the following year to truly make a splash in setting up the franchise for a successful future.
Jul 26, 2014, 12:01 AM EDT
Players asked Adam Silver for for an extended break when he first took office. He seems to be listening.
Jul 25, 2014, 10:46 PM EDT
Anthony reportedly strongly considered the Lakers too, but he says that wasn’t really the case.
Jul 25, 2014, 9:45 PM EDT
The union for the players continues to struggle to get some competent leadership in place.
Jul 25, 2014, 8:45 PM EDT
Come on, son.
Jul 25, 2014, 7:45 PM EDT
Joakim Noah continues to be brutally honest when speaking about his team’s competition.
Jul 25, 2014, 6:46 PM EDT
The Andrew Wiggins spin and dunk is a thing of beauty.
Jul 25, 2014, 5:59 PM EDT
Casspi ends up back with the Kings on a minimum salary deal.
Jul 25, 2014, 5:14 PM EDT
He is a solid backup to have while Dennis Schroder develops.
Jul 25, 2014, 4:30 PM EDT
Magic rookie shows off handles
Jul 25, 2014, 3:44 PM EDT
Will Cherry was fun to watch at Las Vegas Summer League.
Jul 25, 2014, 3:05 PM EDT
George Karl is a better coach than Byron Scott
Jul 25, 2014, 2:22 PM EDT
Finally. Job has been vacant since April 30.
Jul 25, 2014, 1:44 PM EDT
Knicks’ record last season: 37-45
Melo’s contract value: $124,064,681
Jul 25, 2014, 1:11 PM EDT
Bulls also must make room for Nikola Mirotic in frontcourt
Jul 25, 2014, 12:30 PM EDT
Dirk Nowitzki presents a big strike zone.
Jul 25, 2014, 11:51 AM EDT
Former Bull and Piston sat out last season
Jul 25, 2014, 11:11 AM EDT
New TV deal expected to drastically increase revenue
Jul 25, 2014, 10:33 AM EDT
Not a Cleveland Cavaliers beat reporter. A LeBron James beat reporter.
Jul 25, 2014, 9:55 AM EDT
Rookie big man has been mentioned in Kevin Love trade rumors
Jul 25, 2014, 9:22 AM EDT
Timberwolves reportedly come to their senses, prefer Andrew Wiggins to Klay Thompson
- Report: NBA considering week-long break for All-Star Game next year 0
- Report: Knicks made (ridiculous) offer to trade for Kevin Love 31
- Report: Lakers finally offer coaching position to Byron Scott, deal expected soon 24
- Report: Cavaliers leading Kevin Love-trade sweepstakes 41
- Chris Paul on boycott if Sterling is still owner: “That’s something me and Doc are both talking about” 31
- Players union approves of Thunder’s Josh Huestis arrangement 16
- Cavaliers officially sign Andrew Wiggins, putting 30-day hold on him being traded 58
- Lakers deny rumor they are waiting around for Doc Rivers to be coach 61