Carmelo Anthony will opt out of contract with Knicks, per report

Russ Isabella-USA TODAY Sports

Despite Phil Jackson's attempts to persuade him otherwise, Carmelo Anthony will opt out of his contract Monday and hit the free agent market.

If Carmelo Anthony is going to remain with the Knicks, it won't be on a player option for next season. Anthony will inform New York on Monday that he has opted out of the final year of his contract, according to Frank Isola of the New York Daily News.

Anthony's contract included a $23.3 million player option for next season. New Knicks president Phil Jackson had reportedly urged Anthony to accept the player option and delay free agency another season. It was a longshot from the start and Anthony will indeed hit the open market with his decision to opt out. The 30-year-old Anthony will now be able to secure another lucrative long-term deal and potentially find a better situation to contend for a championship.

NBA offseason

Depending on whether a few other players -- most notably LeBron James -- decide to opt in or out, Anthony could be the top free agent on the market. SB Nation's Tom Ziller ranked Anthony as the No. 3 free agent in the class, behind James and Chris Bosh, both of whom have early termination options for next season. Several teams are likely to pursue Anthony when free agency begins with the Houston Rockets and Chicago Bulls reportedly among the teams most interested. There have also been rumors he could join James, Bosh and Dwyane Wade in Miami.

Anthony spent the last three and a half seasons in New York following a trade from the Denver Nuggets. He averaged 26.5 points and 7.1 rebounds per game with the Knicks.

More from SBNation.com

Latest News

In This Article

Teams
Players
X
Log In Sign Up

forgot?
Log In Sign Up

Please choose a new SB Nation username and password

As part of the new SB Nation launch, prior users will need to choose a permanent username, along with a new password.

Your username will be used to login to SB Nation going forward.

I already have a Vox Media account!

Verify Vox Media account

Please login to your Vox Media account. This account will be linked to your previously existing Eater account.

Please choose a new SB Nation username and password

As part of the new SB Nation launch, prior MT authors will need to choose a new username and password.

Your username will be used to login to SB Nation going forward.

Forgot password?

We'll email you a reset link.

If you signed up using a 3rd party account like Facebook or Twitter, please login with it instead.

Forgot password?

Try another email?

Almost done,

By becoming a registered user, you are also agreeing to our Terms and confirming that you have read our Privacy Policy.

Join SBNation.com

You must be a member of SBNation.com to participate.

We have our own Community Guidelines at SBNation.com. You should read them.

Join SBNation.com

You must be a member of SBNation.com to participate.

We have our own Community Guidelines at SBNation.com. You should read them.

Spinner.vc97ec6e

Authenticating

Great!

Choose an available username to complete sign up.

In order to provide our users with a better overall experience, we ask for more information from Facebook when using it to login so that we can learn more about our audience and provide you with the best possible experience. We do not store specific user data and the sharing of it is not required to login with Facebook.