Carmelo Anthony F NY 2 Months

Carmelo Anthony said he wants to win and doesn't "care about the money."

"I believe Phil will do what he has to do to take care of that," Anthony said. "I don't think we're that far away." The Knicks haven't really improved much and you could argue they got worse with the loss of Tyson Chandler. Anthony led the NBA in shots per game last season and he'll likely have a chance to repeat in that department in 2014-15.

Carmelo Anthony F NY 3 Months

Carmelo Anthony's contract with the Knicks is worth $124 million over five years, with an early termination option for the fifth year.

Melo accepted $5 million less than the max, and his deal is expected to start at $22.5 million with increases in each subsequent season. If he does ultimately opt out following the 2017-18 season, he'll be seeking a new deal as a 34-year-old free agent. The Knicks' roster doesn't look great for this season, but they'll have tons of cap space to rebuild the team next summer.

Carmelo Anthony F NY 3 Months

Phil Jackson confirmed that Carmelo Anthony gave the Knicks a bit of a discount, which will allow them to have more cap space in 2015.

The deal is reportedly in the $122-$123 million range over five years, and it's believed that Melo didn't take the 7.5 percent raise in Year 2 of the deal, which will give the Knicks an additional $2 million in cap space in 2015. "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.''

Carmelo Anthony F NY 3 Months

Carmelo Anthony has officially decided to return with the Knicks on a five-year deal.

Following LeBron James' lead, Carmelo made his announcement with an open letter to the Knicks fan base: "At this pivotal juncture in my career, I owed it to myself and my family to explore all of the options available to me. Through it all, my heart never wavered. During this journey I met with some quality organizations who have amazing talent and leadership. I thank them for their consideration, belief in my talent, and opportunity to imagine the possibilities. I will always remember this chapter in my life. In the end, I am a New York Knick at heart. I am looking forward to continue my career in Orange & Blue and to work 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."

Carmelo Anthony F NY 3 Months

Carmelo Anthony will soon accept a five-year, $129 million contract from the Knicks, according to Adrian Wojnarowski.

Frank Isola reported that Melo would stay in New York earlier in the week, and once Pau Gasol signed with Chicago it was a near certainty. Melo and the Knicks may struggle during the 2014-15 season but they're poised to be major players in free agency next summer. From a fantasy perspective, Anthony is in a perfect situation as the lead gunner on a team in need of reliable scoring, and he should benefit from the Knicks' acquisition of Jose Calderon for Raymond Felton.

Carmelo Anthony F NY 3 Months

With the Bulls nearing a deal with Pau Gasol, free agent Carmelo Anthony will likely return to the Knicks according to multiple reporters.

It all makes sense and we'll update this as soon as all of the various shoes have dropped. Anthony is in some prime real estate to put up big numbers on a barren Knicks roster.

Carmelo Anthony F NY 3 Months

The Lakers are reportedly no longer an option for Carmelo Anthony, and he is now deciding between Chicago and New York.

So it seems the decision will come down to winning-now, vs. playing for his home team. The Knicks can offer Melo the most money, and reports seems to have Anthony leaning in that direction, but nothing is official until Anthony makes a statement. Stay tuned.

Carmelo Anthony F NY 3 Months

Carmelo Anthony is not expected to announce which team he'll sign with on Friday.

LeBron James returning to Cleveland will dominate the headlines and Melo may not want to become an afterthought, though it's conceivable that he's still making up his mind. Knicks president Phil Jackson has expected a decision from Melo for the past few days and with luck we'll hear from him before the end of the weekend.

Carmelo Anthony F NY 3 Months

Phil Jackson is confident that Carmelo Anthony will accept one of the five different contract offers presented to him by the Knicks.

"We have maybe five different options," Jackson said. "There's a lot of different options." One of the offers is the 5-year, $129 million max, but Jackson believes that Melo will accept a more cap-friendly deal. Although Jackson remains confident, he did admit that he expected a decision from Anthony days ago. "I expected [an answer] yesterday and the day before yesterday. But, no, we're waiting."

Carmelo Anthony F NY 3 Months

Carmelo Anthony will re-sign with the Knicks "barring a last minute change of heart," according to the NY Daily News.

The report adds Anthony had been "agonizing over this" for the past week. "He will have something for everybody on Thursday," an anonymous friend of Anthony said. "He is really torn because this is the biggest decision of his career. But he wants to get it done in New York. He told me he believes in Phil." The Knicks are likely going to have a tough time winning a title this season because of the contracts of Amare Stoudemire and Andrea Bargnani, but things will get better next year. Hopefully this news becomes official and more free agents can agree on deals. Additionally, Yahoo! reported just minutes following this news that Anthony circle believes it's always possible to ask for a trade later.