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.
Sep 16, 2014, 10:45 PM EDT
There haven’t been many better.
Sep 16, 2014, 8:33 PM EDT
Germany qualifying for the Olympics, even with Nowitzki, is an uphill battle.
Sep 16, 2014, 7:23 PM EDT
It seems fitting.
Sep 16, 2014, 5:59 PM EDT
Guaranteed Duncan likes this better than another trip to the All-Star Game.
Sep 16, 2014, 5:20 PM EDT
Half his salary the first year is guaranteed, a sign he is expected to make the final roster.
Sep 16, 2014, 4:40 PM EDT
We’re sorry to do this to you.
Sep 16, 2014, 4:19 PM EDT
The guaranteed deal is huge but the Wolves are deep at the three. He’ll struggle to get minutes.
Sep 16, 2014, 3:17 PM EDT
Orlando also announces signing of Peyton Siva
Sep 16, 2014, 2:33 PM EDT
Stojakovic’s 3-point bombing made Sacramento better for quite some time
Sep 16, 2014, 1:50 PM EDT
Kirilenko played by far career-low 19 minutes per game last season
Sep 16, 2014, 1:11 PM EDT
Will the Suns take advantage?
Sep 16, 2014, 12:33 PM EDT
Mavericks star could help Germany qualify for 2016 Olympics
Sep 16, 2014, 11:44 AM EDT
No. 1 and No. 2 picks in the NBA draft square off against each other, expectations
Sep 16, 2014, 11:00 AM EDT
Williams, who plays both forward positions, now favorite to replace Josh McRoberts in starting lineup
Sep 16, 2014, 10:00 AM EDT
Plenty of changes, but enough to make the playoffs?
Sep 16, 2014, 9:30 AM EDT
San Antonio already has 17 players, qualifying offer out to Baynes
Sep 16, 2014, 9:00 AM EDT
Bill Duffy: ‘Klay Thompson right now is the top two-way, two-guard in basketball’
Sep 16, 2014, 8:30 AM EDT
Deron Williams opening the season healthy would be huge… but just the start of what they need from him.
Sep 16, 2014, 8:00 AM EDT
Ingles excelled in World Cup, completes dominoes set in motion by Jared Dudley trade
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