Details of Carmelo Antony’s 5-year $124 million contract are emerging and the Knicks star took $5 million less than the maximum in order to help New York as they look to sign big-name free agents in the future and it also includes a rare no-trade clause.
[ESPN]
Anthony was eligible to sign a contract for a maximum of $129 million but agreed to a deal worth $5 million less to give the Knicks more financial flexibility to pursue free agents in future summers
Carmelo Anthony’s no trade clause is rare. Only Dirk Nowitzki, Tim Duncan, Kobe Bryant & Kevin Garnett currently have one, per @LarryCoon.
— Ian Begley (@IanBegley) July 16, 2014
Carmelo has the option to opt out of the deal after four years.