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Carmelo Anthony to receive half of his salary each year up front

Aug 16, 2014, 8:00 AM EDT

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

Most NBA players get paid like you and I do — on the 1st and 15th of the month money is automatically put into their account via direct deposit. Their paychecks are just a tad bigger than ours.

Carmelo Anthony is getting more of his cash up front.

Half of his salary each season will be a cash payment up front, reports the Wall Street Journal. Anthony will make just shy of $22.5 million next season, he will get $11.25 million of that up front. Not a bad haul.

(There was an earlier report that he was going to get half of his entire five-year, $124 million contract up front, a whopping $62 million — that’s not happening. Under the CBA a player can negotiate to get half of a season’s salary up front, but not the entire contract.)

Anthony isn’t the only Knick to do this, J.R. Smith gets half his salary each season up. One of them is probably spending/saving that more wisely than the other, I’ll let you take a stab at guessing that one.

The NBA players union suggested that players getting new deals arrange it so their contracts are paid out on a twice-monthly deal but for 36 months — to prepare for the potential of a 2017 lockout. That’s a bit frightening, to think abut.

  1. m4a188 - Aug 16, 2014 at 8:18 AM

    Now he can focus on winning……

  2. sportsfan18 - Aug 16, 2014 at 8:38 AM

    Congrats and hat tip to Melo and his advisors.

    That is huge. Time value of money, having it sooner and that much up front is a great thing.

    • genericcommenter - Aug 16, 2014 at 2:59 PM

      No kidding. You have to wonder about an advisor suggesting getting paid out 1 year of salary in 72 installments over 3 years. Maybe if they took some kind of Bobby Bonilla deal that paid out more, but I’m guessing they are talking about giving the teams an interest free loan. That will show ‘em!

  3. succulentnipples - Aug 16, 2014 at 9:01 AM

    Johnathon Football.

  4. ravenswhat - Aug 16, 2014 at 9:04 AM

    So he’ll just make all of his dumb $ decisions up front instead of every 2 weeks.

  5. samsonight1010 - Aug 16, 2014 at 10:12 AM

    JR an early candidate for the sequel to “Broke”

  6. money2long - Aug 16, 2014 at 10:27 AM

    Gotta love how much people hate Carmelo

  7. zoomy123 - Aug 16, 2014 at 11:02 AM

    Don’t worry Melo, when you said you don’t care about the money, we believe you.

    • eugenesaxe1 - Aug 16, 2014 at 3:26 PM

      “I don’t care about the money, but since I’m getting it…”

  8. 1historian - Aug 16, 2014 at 11:15 AM

    The last paragraph – why is the thought of a lockout in 2017 so frightening? I think there will be one and it will get REAL ugly and the owners want it.

    Which bring up the 7 Ps –

    Proper
    Prior
    Preparation
    Prevents
    Piss
    Poor
    Performance

    • eugenesaxe1 - Aug 16, 2014 at 3:30 PM

      I get the feeling he players are going make their demands and stick to them this time. There’s beaucoup money on the line this time, they know it, and want their fair share.

  9. mackcarrington - Aug 16, 2014 at 11:27 AM

    I heard that Kobe gets his entire yearly salary at the beginning of every season.

    • mackcarrington - Aug 16, 2014 at 2:31 PM

      Do the thumbs down mean that it’s not true? I heard it was.

    • Kevin S. - Aug 16, 2014 at 4:18 PM

      He used to get 80% up front, but that was under the old CBA.

      • mackcarrington - Aug 16, 2014 at 4:26 PM

        Thanks.

  10. clevelandrox - Aug 16, 2014 at 11:30 AM

    DIZZAMM!…

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