Carmelo Anthony announced his decision to return to the New York Knicks with a heartfelt letter on his website thisismelo.com. "In the end, I am a New York Knick at heart. I am looking forward to continuing my career in Orange & Blue, and to working with Phil Jackson, a champion who builds championship teams. Madison Square Garden is the mecca of basketball and I am surrounded by the greatest fans in the world."
Anthony took less to stay with the Knicks — estimated at $122 million to $123 million over five years. Jackson confirmed The Post’s reports Anthony structured the deal to give the Knicks more cap space in 2015. It is believed he didn’t take his annual 7.5 percent raise in Year 2 and may have taken a tiny pay decrease. Under collective bargaining agreement rules, a player can receive as high as a 7.5 percent pay raise annually. Anthony’s sacrifice in Year 2 likely opens up about $2 million more in cap space for 2015, but the rest of his annual wages suffer by not taking the raise.
Credits from: thesource.com
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