|"FINE! Take your 6 mil!"|
Since Carmelo Anthony announced his official resigning with the Knicks, the twittersphere and fans everywhere pointed out the obvious: He wants the money.
Tough to blame him, anyways. Carmelo reportedly boiled his options down to the Knicks and the Bulls. Of course, if Carmelo signed in Chicago the Bulls may have immediately skyrocketed to serious contention. That being said, he'd be leaving about 50 million on the table. Tough to do, folks. TOUGH to do. It's funny to even fathom turning down that kind of cash. Instead, Anthony resigned in New York for a near-max extension, and saves himself the trouble of relocating his family.
Interestingly, however, Anthony actually did leave some money on the table. According to RealGm, Anthony actually left about 6 million on the table in order to allow the Knicks some more flexibility, specifically in 2015:
Carmelo left between $6 million and $7 million on the table, agreeing upon a five-year deal with the New York Knicks worth $122 million and $123 million.
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.
President of the New York Knicks Phil Jackson was expectedly pleased with Anthony's cooperation:
"He did exactly what we kind of asked him to do," Jackson said. "Give us a break in the early part of the contract when we have some wiggle room--hopefully big enough wiggle room--next year when we can exploit it."
Anthony will create about $2 million in additional cap space in 2015.
There is no doubt Melo cashed in on a nice pay day, but it looks like he was a bit more accommodating then people initially thought. Austin Gill 7/14/2014 04:40:00 PM Tweet Edit