Skip to content

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

Jul 14, 2014, 5:00 PM EDT

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. Report: Dwight Howard to attend Team USA mini-camp after all

    Aug 1, 2015, 1:11 AM EDT

    Dwight Howard AP

    This is the right move, whether he decides to play in Rio or not.

  2. Watch Karl-Anthony Towns highlights from Summer League

    Jul 31, 2015, 11:08 PM EDT

    cd0ymzcznguwzdbhnduynddiytjhm2yyzthlmtjjotqwyyznpwu3mmzjztazntu1ogzhywnkzju2otmyzgnloty5otbl1 AP

    He looks like a guy who can live up to the No. 1 pick billing.

  3. Pelicans waive Toney Douglas, still await Norris Cole decision

    Jul 31, 2015, 10:26 PM EDT

    Utah Jazz v New Orleans Pelicans Getty Images

    Norris Cole is still looking for a bigger payday.

  4. Pacers’ Jordan Hill arrested for reckless driving, clocked at 107 mph

    Jul 31, 2015, 7:15 PM EDT

    Phoenix Suns v Los Angeles Lakers Getty Images

    Hill told the police he was “in a hurry.” I guess so.

  5. Warriors trade Gerald Wallace to Philadelphia in exchange for Jason Thompson

    Jul 31, 2015, 7:01 PM EDT

    Dallas Mavericks v Sacramento Kings Getty Images

    Neither guy is going to make a difference on the court for these teams. This was just moving some money around.

  6. Trail Blazers guarantee Allen Crabbe’s contract for next season

    Jul 31, 2015, 5:46 PM EDT

    LV Celtics v Trailblazers Getty Images

    Crabbe looked good in Las Vegas at Summer League.

  7. Report: Hedo Turkoglu wants to play anther NBA season, Kings possiblity

    Jul 31, 2015, 4:59 PM EDT

    Washington Wizards v Los Angeles Clippers Getty Images

    The Kings don’t really have the roster spot for him.

  8. Grizzlies’ D-League affiliate hires female assistant coach

    Jul 31, 2015, 4:11 PM EDT

    NBA.com NBA.com

    Iowa Energy add Nicki Gross to coaching staff

  9. Report: Joe Johnson “pumped” that Deron Williams bought out by Nets

    Jul 31, 2015, 12:52 PM EDT

    joe johnson nets sleeved alternates

    Johnson makes $24.9 million, but this is the last year of his contract.

  10. Report: Knicks to sign Thanasis Antetokounmpo

    Jul 31, 2015, 12:47 PM EDT

    20141220 Westchester Knicks at Maine Red Claws Getty Images

    New York drafted Giannis Antetokounmpo’s brother last year

  11. Report: 76ers second-rounder J.P. Tokoto won’t sign with Philadelphia

    Jul 31, 2015, 10:23 AM EDT

    Houston Rockets v Philadelphia 76ers Getty Images

    No. 58 pick will reportedly head overseas or to D-League

  12. Knicks waive Ricky Ledo

    Jul 31, 2015, 9:21 AM EDT

    Ricky Ledo AP

    Guard didn’t show much in short stint in New York

  13. NBA lands in Africa trying to put down roots, which is all about youth programs, infrastructure

    Jul 31, 2015, 8:35 AM EDT

    cd0ymzcznguwzdbhnduynddiytjhm2yyzthlmtjjotqwyyznptu5nzjmmwjlotdhnzrhn2iwytixngrhnwi2yzqwyjzk AP

    “One thing to come out of this will be more camps, more clinics, more games, more youth competition, and from that you get into infrastructure, and building more courts.” —Masai Ujiri, Raptors GM and native Nigerian

  14. Mark Cuban says trading for Rajon Rondo was tough call, “came down to a coin flip”

    Jul 31, 2015, 7:59 AM EDT

    Houston Rockets v Dallas Mavericks Getty Images

    “And the coin flip was as much about, is there going to be anything else that we could do? Because we knew we had to do something.” —Mark Cuban on trading for Rajon Rondo.

  15. Pau Gasol on Fred Hoiberg: “I think we’ll play with a better flow offensively”

    Jul 30, 2015, 11:30 PM EDT

    Pau Gasol Pau Gasol

    Hoiberg has a much stronger offensive reputation than Tom Thibodeau.

Top 10 NBA Player Searches
  1. K. Bryant (2583)
  2. B. Haywood (1995)
  3. M. Miller (1842)
  4. I. Thomas (1830)
  5. L. James (1738)
  1. N. Young (1672)
  2. J. Smith (1611)
  3. S. Napier (1596)
  4. T. Thompson (1543)
  5. G. Robinson III (1467)