Skip to content

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

Jun 22, 2014, 2:12 PM EST

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. DeMarcus Cousins says he ‘didn’t expect’ to make the All-Star team

    Jan 30, 2015, 10:59 PM EST

    Toronto Raptors v Sacramento Kings Getty Images

    It took Kobe Bryant being injured for Cousins to make the squad.

  2. Anthony Davis out Friday night vs. Clippers due to abdominal strain

    Jan 30, 2015, 6:56 PM EST

    Anthony Davis Anthony Davis

    This is not a serious injury, but they will miss him defending Blake Griffin.

  3. Rumor: Heat, Clippers, Cavaliers interested in Mo Williams

    Jan 30, 2015, 5:59 PM EST

    Mo Williams AP

    All of those teams could use point guard depth.

  4. Jimmy Butler even plans to play defense in the All-Star Game

    Jan 30, 2015, 4:29 PM EST

    BKN-NBA-BULLS-LAKERS Getty Images

    “So if you see me diving on the floor and people say ‘what is he doing?’ I can’t help but be the player that I am.” —Jimmy Butler on playing in the All-Star Game

  5. LeBron James reportedly asked Adam Silver for longer All-Star break, fewer back-to-backs

    Jan 30, 2015, 2:09 PM EST

    2012 Sports Illustrated Sportsman Of The Year Award Presentation - Arrivals Getty Images

    NBA Commissioner has delivered on All-Star Break. Back-to-backs next?

  6. Tyson Chandler, better than ever, thinking legacy

    Jan 30, 2015, 12:49 PM EST

    Dallas Mavericks v New Orleans Pelicans Getty Images

    Will center stick with Mavericks this time?

  7. Mike Dunleavy is smooooth

    Jan 30, 2015, 12:11 PM EST

    Chicago Bulls v Los Angeles Lakers Getty Images

    Sliding into your DMs like…

  8. DeMarcus Cousins wins.

    Jan 30, 2015, 11:33 AM EST

    Kings center waits five years, burns Clay Travis for tweet

  9. Kobe Bryant on if he returns next season: “Yeah, that’s the plan”

    Jan 30, 2015, 9:34 AM EST

    Chicago Bulls v Los Angeles Lakers Getty Images

    Did anyone think he would get injured and say, “nah, I don’t want to fight through this” and walk away?

Featured video

Who should be All-Star Game reserves?
Top 10 NBA Player Searches
  1. D. Howard (7053)
  2. C. Anthony (6670)
  3. R. Rubio (6588)
  4. K. Durant (6496)
  5. K. Bryant (6330)
  1. L. James (6234)
  2. K. Walker (6192)
  3. H. Whiteside (6147)
  4. K. Martin (6062)
  5. J. Butler (5855)