Carmelo knows how to cash out.
He opted into his $27.9 million deal with the Thunder and he is likely to get all his money but still become a free agent.
Here are the details via ESPN.
Oklahoma City can use the stretch provision on Anthony’s $27.9 million contract to eliminate a staggering $107 million off the team’s 2018-19 payroll and tax bill, but the Thunder first plan to pursue trade possibilities with teams looking to acquire a massive expire deal to salary cap space in July 2019 free agency.
Anthony still holds trade veto power, but it’s likely that any proposed deal would be with a team wanting simply to waive Anthony and allow him into free agency.
The stretch provision would slash $90 million in tax, dropping the Thunder’s bill from $150 million to $60 million. The stretch provision spreads Anthony’s salary annually onto the Thunder’s cap for $9.3 million over three years.
There is speculation that Melo could take a short deal with Lakers so he can team up with LeBron.
Stay tuned.
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