Knicks' Carmelo Anthony will opt out of final year, become free agent

Written By Deantae Prince
Carmelo Anthony-031814-AP-DL.jpg
(AP Photo)

Carmelo Anthony will inform the New York Knicks on Monday about his intentions to opt out of his contract and become a free agent. 

Anthony, who has a Monday deadline to opt out of his $23.5 million for 2014-15, will become a free agent on July 1, Frank Isola of the New York Daily News first reported. 

MORE: Bulls, Rockets contend for AnthonyLeBron 'very likely' to stay in Miami | Cavs make right choice 

Knicks president Phil Jackson and coach Derek Fisher had a meeting with Anthony about the matter, and he communicated that he is determined to experience free agency. Anthony wants the "Dwight Howard treatment," a source told Sporting News' Sean Deveney. 

Anthony will have suitors all over the NBA, but the Chicago Bulls and Houston Rockets appear to be frontrunners. Both teams can offer Anthony a four-deal worth $90 million. 

New York can give Anthony the most lucrative offer, with the possibility of a five-year, $125 million deal. Committing to that money will mean Anthony must deal with a depleted Knicks roster until at least the summer of 2015, when they no longer have salary cap issues and big contracts of Andrea Bargnani, Tyson Chandler and Amare Stoudemire. 

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