Report: Carmelo Anthony will return to Knicks

Carmelo Anthony
Carmelo Anthony looks to be returning to the Big Apple.
Credit: Getty Images

After weeks of deliberation, it appears Carmelo Anthony has bought into Phil Jackson’s game plan.

The Daily News reports Wednesday afternoon that Anthony will return to New York “barring a last minute change of heart.”

The 30-year-old forward reportedly has a five-year, $129 million deal on the table. Since the Knicks retain his “Bird rights” they could offer him more money than any other suitor. He will reportedly make his announcement on Thursday, the first day free agents can sign.

Anthony opted out of the final year of his contract last month and spent the first week of July on a tour of various landing spots. He met with the Bulls, Rockets, Mavericks and Lakers about signing with each team. The Lakers and Bulls seemed to hold the most appeal to Anthony, but in the end he has apparently decided to stay with New York.

Jackson, the Knicks’ new president, also got a chance to pitch Anthony on his vision for the club going forward.

The Knicks are in salary cap hell, largely due to the contract of Amar’e Stoudemire, who is due $23.4 million next season. The team also owes Andrea Bargnani $12 million in 2014-15.

With the Knicks’ team salary currently at just over $59 million, the signing of Anthony would put them at $84.8 million for next season. The salary cap is $63.2 million, with the luxury tax kicking in at $77 million.

The Knicks wouldn’t be able to make any more meaningful moves this offseason unless they could unload Stoudemire or Bargnani.

Jackson has reportedly been shopping both players, including Stoudemire to the Sixers, but reportedly would beed to include Iman Shumpert or Tim Hardaway Jr. to sweeten the deal.

Anthony averaged 27.4 points and career-high 8.1 rebounds per game last season as the Knicks stumbled to a 37-45 record. They missed the playoffs for the first time since 2010 and head coach Mike Woodson was fired. Jackson was brought on and the team hired Derek Fisher as head coach.

Follow Metro New York Sports Editor Mark Osborne on Twitter @MetroNYSports.



News
Entertainment
Sports
Lifestyle
Local

MTA announces service changes for Sunday

The MTA has announced service changes ahead of Sunday's People's Climate March, which will be held from 11:30 a.m. to 4:30 p.m. Sunday. Riders using…

Local

NYPD launches Twitter account for L train

The NYPD recently launched a Twitter handle dedicated to the L train and its riders. According to @NYPDLtrain, officers went underground Thursday morning to hand…

Local

Bushwick community space offers activists a place to…

A new Bushwick community space offers community activists to meet, create, learn and throw back a few cold ones. MayDay, located 214 Starr Street in Bushwick,…

Local

Activists gearing up for Sunday's "historic" People's Climate…

If all goes according to plan, more than 100,000 people will gather near Central Park West on Sunday morning and march through midtown to raise…

Movies

Kevin Smith makes peace with the Internet

I was thinking about Ain't It Cool News and Harry Knowles last night, wondering if anyone from Ain't It Cool had reviewed my new movie…

Movies

Art imitates life in 'Swim Little Fish Swim'

There's a certain comfort to be taken in finding that young artists are still moving to New York and trying to make it — and…

Movies

Review: Terry Gilliam's 'The Zero Theorem' is better…

Terry Gilliam's latest, "The Zero Theorem," concerns a reclusive malcontent (Christoph Waltz) struggling with the search for the meaning of life.

Music

Esperanza Spalding and a being called Emily get…

Esperanza Spalding is about to spiral off in a brand new direction that may or may include an alter ego named Emily.

NFL

Oday Aboushi ready for increased role, and to…

Oday Aboushi might feel comfortable enough to engage in some trash talk the next time he is on the field.

NFL

Giants vs. Texans: 3 things to watch

The Giants host the surprising Texans (2-0) in what may already be a must-win game for Big Blue.

NFL

Eric Decker misses practice again, could miss Monday

Jets wide receiver Eric Decker missed practice Thursday as he continues to rehab a hamstring injury suffered last Sunday.

MLB

Derek Jeter still focused on baseball as final…

Derek Jeter has effectively hid his emotions for 20 years in the Bronx.

Parenting

A sneaky way to serve kids fruits and…

"My First Juices and Smoothies" gives smoothie recipes for kids.

Style

3 things we love from Day 1 of…

The highlights from Day 1 of Milan Fashion Week.

Sex

Why don't more couples use condoms?

  Call it the “condom moment.” That’s the name the authors of a new study have given to the pivotal conversation every couple should be…

Sex

Need an idea for a first date? Here's…

Picture your idea of a nice first date. Is it dinner and a movie? A visit to an interesting museum exhibit? Instead, an expert on…