Posts Tagged ‘Chris Herring’

Report: Knicks’ Anthony will opt-out, become free agent July 1


VIDEO: Anthony to Opt Out

HANG TIME HEADQUARTERS — So much for Carmelo Anthony‘s decision.

The New York Knicks’ superstar will indeed opt-out of the final year of his deal and become a free agent July 1, according to a Wall Street Journal report. Anthony’s decision to test the free agent waters could be the trigger to a wild summer that sees several other stars dive into the free agent mix, including Miami Heat stars LeBron James, Chris Bosh and even Dwyane Wade.

Anthony has apparently bypassed the splashy news conference for a much more subtle approach to his announcement, according to Chris Herring‘s report in the Journal:

Anthony submitted a formal letter this weekend, stating he intends to exercise the early-termination clause in his deal, forgoing the one year and $23.5 million left on his contract, according to the person. In doing so, the 30-year-old star forward becomes the biggest name to join this summer’s free-agent market — for now, at least.

This doesn’t mean Anthony won’t return to the Knicks. He could still re-sign with them, and is eligible for a deal of up to five years and $129 million if the team offers that much. But the likelihood of him remaining with the Knicks seems less likely by the day.

Anthony instantly becomes the object of desire for several teams looking for that one superstar piece to take them to the next level, including the Heat, Chicago Bulls and Dallas Mavericks, for starters.

Rumors of Anthony joining James, Bosh and Wade in in Miami — a “pipe dream,” as Heat boss Pat Riley phrased it last week, that would require the Heat stars to opt-out of their deals and all of them to sacrifice salary to play together as a “Big 4” — cranked up during the Heat’s Finals run.

The Chicago Bulls, however, are actually considered the favorite to land Anthony on the open market, pairing him with former MVP Derrick Rose and reigning Defensive Player of the Year Joakim Noah under Tom Thibodeau on a team poised to challenge the Heat and Pacers for the top spot in the Eastern Conference.

The Knicks, with Phil Jackson leading the organization’s rebuilding effort and Derek Fisher taking over as head coach, can still offer more money than any other team. But it’s unclear whether they are either interested or prepared to offer Anthony that max deal only they can.

Anthony’s decision comes ahead of the June 29 deadline James has for his decision to either opt-in with the Heat or opt-out and join his good friend and teammate on the U.S. Men’s Senior National Team in this summer’s free agent extravaganza.

With Anthony already in the mix, the addition of James in the free agent pool would turn this summer upside down ahead of the summer of 2015, when a bevy of superstars (James and Anthony included) were expected to flood the market. The free agent class of 2015 could evaporate if the aforementioned stars opt-out this summer and Minnesota Timberwolves’ All-Star Kevin Love is traded before next summer arrives.

Anthony’s reported decision isn’t a stunner. He talked during the preseason about wanting to test free agency this summer and held true to his word. The Knicks’ dismal season and the hiring of Jackson and later Fisher had no effect on his choice. The desire to be an unrestricted free agent for the first time in his career clearly presented itself as a more enticing option than dealing with whatever patchwork plan Jackson had in mind.

Now the real fun begins, as the clock ticks not only on the decision of James but also all of the potential trades that could go down between now and Draft night Thursday in New York.

We don’t have to wait until the start of free agency July 1 for the drama to get stirred up. It’ll happen well in advance of the start of free agency now that Anthony’s decision has been made.