Skip to content

Carmelo Anthony took $6 million haircut to give Knicks more cap flexibility

Jul 14, 2014, 5:00 PM EST

Washington Wizards v New York Knicks Washington Wizards v New York Knicks

As haircuts go this isn’t exactly going the full Sinéad and getting your head shaved, it’s a pretty small trim, but it could matter to the Knicks.

Carmelo Anthony did take a little less than the max he could have gotten from the Knicks — around $123 million rather than $129 million — and that will leave Phil Jackson a couple million extra dollars in future years to help construct some kind of Knicks roster that can win.

Jackson spoke to Marc Berman of the New York Post about it.

Jackson confirmed The Post’s reports Anthony structured the deal to give the Knicks more cap space in 2015. It is believed he didn’t take his annual 7.5 percent raise in Year 2 and may have taken a tiny pay decrease. Under collective bargaining agreement rules, a player can receive as high as a 7.5 percent pay raise annually.

“He did exactly what we kind of asked him to do,’’ Jackson said. “Give us a break in the early part of the contract when we have some wiggle room — hopefully big enough wiggle room — next year when we can exploit it.’’

Anthony’s sacrifice in Year 2 likely opens up about $2 million more in cap space for 2015, but the rest of his annual wages suffer by not taking the raise.

What Anthony is making is still more than the Lakers could guarantee ($97 million) or the Bulls ($75 million).

And he gets to be the face of a rebuilt Knicks franchise, he gets to be the biggest star in the biggest market. That was always part of the draw, too.

Latest Posts
  1. It’s official: Zach LaVine, Greek Freak Antetokounmpo headline All-Star Dunk Contest

    Jan 27, 2015, 7:23 PM EST

    Milwaukee Bucks v Los Angeles Clippers Getty Images

    The best news may be the return to the classic dunk contest format.

  2. LaMarcus Aldridge says he’s back for rest of season

    Jan 27, 2015, 6:50 PM EST

    LaMarcus Aldridge AP

    Barring any setbacks with hand injury

  3. Paul Pierce on why trash talk is down in league: NBA2K

    Jan 27, 2015, 5:15 PM EST

    NBA 2K15 promo

    My gaming experience suggests you talk a lot of trash to the guy next to you.

  4. Wisconsin Governor plans for $220 million in state bonds to help pay for new Milwaukee arena

    Jan 27, 2015, 3:30 PM EST

    Scott Walker Getty Images

    It essentially uses increased jock tax revenue to pay off the bonds.

  5. Iman Shumpert mocks his own failed crossover (VIDEO)

    Jan 27, 2015, 2:40 PM EST

    Oklahoma City Thunder v Cleveland Cavaliers Getty Images

    Shumpert dribbled it off his foot against the Thunder, then tweeted the clip.

  6. Lakers’ players trying to adjust to Byron Scott’s random rotations

    Jan 27, 2015, 1:55 PM EST

    Byron Scott AP

    Players like a routine, a rhythm to games, and the Lakers are chaos theory.

  7. Kobe Bryant uses Super Bowl analogy to describe how he feels about season-ending injury

    Jan 27, 2015, 12:30 PM EST

    Los Angeles Lakers v Houston Rockets Getty Images

    This is the third consecutive year Bryant has had his season prematurely ended due to injury.

  8. Nets coach Lionel Hollins calls idea he doesn’t like advanced stats ‘dumbest thing I’ve ever heard’

    Jan 27, 2015, 11:50 AM EST

    San Antonio Spurs v Memphis Grizzlies - Game Three Getty Images

    Hollins was reportedly not brought back in Memphis because of an aversion to the use of advanced statistics.

  9. UPDATE: Knicks, Langston Galloway agree to contract for this season and next

    Jan 27, 2015, 11:10 AM EST

    cd0ymzcznguwzdbhnduynddiytjhm2yyzthlmtjjotqwyyznptzmzwflzdg4ntbmzwflndvmowjizjg2oti2nmy3ztk5-e1422370631910

    New York doesn’t want to offer Galloway any guaranteed money for next season.

  10. Brian Shaw upset with officiating after not getting a call late in loss to Clippers

    Jan 27, 2015, 10:30 AM EST

    Brian Shaw AP

    Matt Barnes intentionally fouled Danilo Gallinari late, and Shaw believes free throws should have been awarded.

  11. How Nicki Minaj helped John Wall become an All-Star starter

    Jan 27, 2015, 8:30 AM EST

    106 & Park Getty Images

    She tweeted out a vote for him, and she has 18.8 million followers.

  12. DeAndre Jordan threw a block party and the Nuggets were invited (VIDEO)

    Jan 27, 2015, 8:00 AM EST

    DeAndre Jordan, Spencer Hawes, Alex Len AP

    Then he finishes it off with a dunk of his own.

Featured video

Stephen Curry leads NBA MVP race mid-season
Top 10 NBA Player Searches
  1. K. Bryant (8430)
  2. H. Whiteside (7767)
  3. L. Aldridge (7546)
  4. R. Rubio (7141)
  5. K. Martin (6929)
  1. K. Walker (6691)
  2. N. Batum (6473)
  3. J. Noah (6455)
  4. C. Anthony (6293)
  5. T. Jones (6047)