New York, NY, United States (4E Sports) – New York Knicks star forward Carmelo Anthony plans to opt out of his contract and test free agency this summer, according to a league source.
Team president Phil Jackson is urging Anthony to exercise next season’s $23.3 million player option and put off unrestricted free agency for a year.
“I told him it might be a good idea to hang in here and see what it’s like for a year and go out the next year,” said Jackson, who along with other Knicks officials will meet with Anthony and his representatives this weekend in Los Angeles.
The Miami Heat is exploring options to create sufficient financial flexibility to make an ambitious run at adding Carmelo Anthony this summer in free agency.
Sources also say that LeBron James’ decision on whether to opt out of his contract by the end of this month will not be affected by the results of the NBA Finals, where his Heat is behind 3-1.
James, Wade and Bosh can all opt out of their Heat contracts and become free agents after this season.
But with the Knicks, Anthony can sign a maximum five-year contract worth more than $129.1 million.
The Knicks also have plenty of cap space in 2015 to try to reel in a big-name free agent to pair with Anthony.
If Anthony signs with another team, the maximum he can earn is about $96 million over four years.
He will have to take significantly less to join the Miami Heat.
The Chicago Bulls, Houston Rockets and Dallas Mavericks are other teams Anthony would consider.