Skip to content

Report: As everyone expected, Carmelo Anthony to opt out of contract Monday

Jun 22, 2014, 2:12 PM EDT

New York media (and some Knicks fans) seem to be on pins and needles with the question of “will Carmelo Anthony opt out of the final year of his contract with the Knicks?”

Except, Anthony has said all along he intended to opt out of his contract. People around him said he wanted to be a free agent and get the “full Dwight Howard treatment” of being recruited. Phil Jackson has asked Anthony not to but said he expected the star forward to opt out of his contract. There has never been a question about that, the question was could the Knicks retain him?

The deadline for him to tell the Knicks he is opting out is Monday and he will do that, reports Adrian Wojnarowski of Yahoo Sports.

As planned, All-Star forward Carmelo Anthony will file notice with the New York Knicks on Monday that he plans to exercise the early termination option on his contract and become a free agent on July 1, a league source told Yahoo Sports.

The Knicks can offer the most money to Anthony as a free agent — five years, $129 million, comported to four years, $95 million max from any other team — but if Anthony is serious about being on a contending team he is going to have to take less.

The Chicago Bulls are considered front runners to sign Anthony, if they amnesty Carlos Boozer and trade Mike Dunleavy Jr. for picks (no salary on the books), plus maybe do the same to Jimmy Butler, they can offer north of $17 million a year for four years. That’s less than the max but the cost of going to a contender in the East.

If Houston can jettison the contracts of Omer Asik and Jeremy Lin for no money back (and reportedly they have that lined up) they can add ‘Melo to a core of Dwight Howard and James Harden.

The Lakers (with halfhearted interest), the Mavericks and other teams may also try to get in the mix.

The Knicks also have been informed that Andrea Bargnani and Amare Stoudemire are opting in to their massive deals, as has been expected, reports Marc Stein of ESPN.

Latest Posts
  1. John Wall got a $20,000 portrait of himself for his birthday (PHOTO)

    Sep 3, 2015, 11:15 PM EDT

    John Wall John Wall

    The street artist Madsteez painted the commissioned piece.

  2. Utah’s Dante Exum underwent knee surgery Thursday, likely out for season

    Sep 3, 2015, 7:04 PM EDT

    Dante Exum AP

    He tore the ACL last month playing for Australia.

  3. Ricky Rubio is confident Timberwolves not looking to trade him

    Sep 3, 2015, 5:09 PM EDT

    Minnesota Timberwolves v Sacramento Kings Getty Images

    The trade speculation around him is not based in reality.

  4. Report: Kings signing Eric Moreland

    Sep 3, 2015, 4:14 PM EDT

    Moreland was reportedly considering Pistons and Lakers

  5. Report: J.R. Smith’s 2015-16 salary becomes fully guaranteed Monday

    Sep 3, 2015, 2:21 PM EDT

    LeBron James, Shaun Livingston, Harrison Barnes AP

    Cavaliers craft unusual contract to give Smith a partial guarantee next season

  6. Doc Rivers says Paul Pierce chose Clippers over Celtics this summer

    Sep 3, 2015, 8:00 AM EDT

    Boston Celtics forward Paul Pierce reacts to a call by the officials in Boston Reuters

    He will be remembered as a Celtic, but Los Angeles is his hometown.

Top 10 NBA Player Searches
  1. D. Rose (2169)
  2. K. Irving (1795)
  3. A. Davis (1631)
  4. L. James (1435)
  5. K. Bryant (1392)
  1. K. Durant (1321)
  2. A. Aminu (1254)
  3. T. Thompson (1218)
  4. M. Leonard (1213)
  5. A. Jefferson (1206)