Melo: 'I'm not going nowhere'

NEW YORK -- One of the biggest questions looming over the Knicks is Carmelo Anthony's opt-out clause after the season.

Anthony can opt out this summer and test free-agency, if he so chooses.

Carmelo Anthony

Carmelo Anthony

#7 SF
New York Knicks

2013 STATS

  • GM67
  • PPG28.7

  • RPG6.9

  • APG2.6

  • FG%.449

  • FT%.830

We don't yet know if Anthony will exercise his opt-out, but, apparently, Knicks fans don't have to worry about Anthony leaving New York.

"Yeah, I'm not going nowhere," Anthony told Bloomberg TV's Market Makers on Tuesday when asked if he was going to stay in New York after the season.

Notice, Anthony didn't say he wouldn't opt out.

Opting-out makes financial sense for the Knicks star. He can make more money as a free agent than he can by finishing his current contract.

It also makes financial sense for Anthony to remain in New York. If he chooses to opt out and sign with another team, he can sign a four-year contract worth $95,897,372, according to calculations by ESPN salary cap guru Larry Coon. If Anthony opts out and re-signs with the Knicks, he can sign a five-year contract worth $129,135,806. That's a difference of $33,238,434.

Those numbers are based on the assumption Anthony, one of the top scorers in the NBA, will sign a max contract. It's also worth noting that if Anthony exercises his early termination option next summer, he'd be walking away from $23,333,403 in guaranteed money for the 2014-15 season.

For what it's worth, here's what Anthony said when asked about his opt out in May. "I can't think about that right now. That would be selfish on my part to sit back and think about a situation like that, think about something like that," he said. "When that time comes I'll deal with it. Right now, it's all about getting better -- myself, as a team, and moving forward."

When asked how the Knicks' 2013-14 season would factor in his decision, Anthony reiterated: "It's hard for me to think about at this point."

Let's say Anthony decides to stay in New York through the end of his current contract. In that scenario, he can re-sign with the Knicks for a five-year, $140,875,420 contract, starting in the 2015-16 season.

If he finishes his current contract with the Knicks and signs with another team as a free agent, Anthony's max contract would be a four-year, $104,615,312 pact.

In mid July, Knicks GM Glen Grunwald said that he sees the Knicks as having a "long-term, successful partnership" with Anthony.

"It's really premature for me to talk about [Anthony's opt-out]. We obviously love Melo, we think he's great for New York and New York is great for him," Grunwald said.

"We see it being a long-term, successful partnership with him as we go forward. But right now, it's just too early to say anything other than we're looking forward to this coming season and we expect to have a good year."

The Knicks can begin negotiations on an extension with Anthony in February.

QUESTION: Do you think Carmelo Anthony will opt-out? If so, do you think he will re-sign with the Knicks?

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