After flirting with the Chicago Bulls and Houston Rockets this summer, Carmelo Anthony re-signed with the New York Knicks for $5 million less than the maximum. Phil Jackson says that’s all part of the plan.
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For some reason, Carmelo Anthony took a lot of flack for the way he re-signed with the New York Knicks. Some people criticized him for taking too much money, some criticized him for not joining the Houston Rockets or Chicago Bulls in order to compete for a championship.
Melo ended up signing five-year, $124 million deal to stay in New York with first-year team president Phil Jackson–which is $5 million less than the maximum.
According to Jackson, that was done in order to maintain some cap flexibility, presumably for the summer of 2016’s loaded free agent class.
While players like LeBron James and Lance Stephenson took two-year deals in order to free themselves up for when the NBA’s new massive TV deal goes into effect and raised the salary cap, Anthony decided to lock himself into New York.
His $124 million deal doesn’t figure to come close to what the maximum salary could be in 2016, when some people have gauged the max could raise to around $30 million a year.
Instead, Anthony’s salary will fit comfortably under the new cap. That should give the Knicks an opportunity to make a run at guys like Kevin Durant, Joakim Noah and Al Horford. Jackson could be targeting 2015 as well, when Rajon Rondo, Marc Gasol and Roy Hibbert figure to hit free agency.
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