Latest News: Technology |  Celebrity |  Movies |  Apple |  Cars |  Business |  Sports |  TV Shows |  Geek

Trending

Filed under: News | Latest Sports News

 

Carmelo Anthony Re-signs with New York Knicks

The New York Knicks announced on July 13 they are re-signing seven-time All-Star forward Carmelo Anthony.

Jul 13 2014, 9:34pm CDT | by

11 Updates
Carmelo Anthony Re-signs with New York Knicks
Photo Credit: Getty Images
 
 

YouTube Videos Comments

Full Story

Carmelo Anthony Re-signs with New York Knicks

Carmelo Anthony Re-signs with New York Knicks
Photo Credit: Getty Images

The New York Knicks have reached a deal with seven-time All-Star forward Carmelo Anthony

The Knicks made the announcement on their official website on July 13: 

"New York Knickerbockers President Phil Jackson announced today that the team will re-sign seven-time NBA All-Star forward Carmelo Anthony. Per team policy, terms of the deal will not be disclosed. 

"After three months of questions around Carmelo Anthony's return to the New York Knicks, we are now happy to know that we have the cornerstone of what we can envision as a 'team of excellence,' Jackson said. 'Steve Mills and I have assured Carmelo through our conversations, that we share the vision and the determination to build this team.'

'I have had the opportunity to be around some of the greatest players in our game, and now I have the honor of coaching Carmelo,' Head Coach Derek Fisher said. 'This is an exciting time for the New York Knicks franchise and our fans. I look forward to working with him and building something special together.'

"'I am a New York Knick at heart,' Anthony said. '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.'"  

Anthony's deal is worth between $122 million and $129 million, per ESPN New York's Ian Begley: 

"Carmelo Anthony has reached a deal to remain with the New York Knicks. 

"The team announced Sunday that it had re-signed Anthony, but did not disclose terms. 

"The contract will be for more than $122 million but less than the five-year, $129 million tax figure, a source told ESPN The Magazine's Chris Broussard on Saturday...

"...Jackson added later Sunday that Anthony had taken less than the maximum to give the Knicks cap flexibility. 

"'He did exactly what we kind of asked him to do. Give us a break in the early part of his contract so that when we have some wiggle room next year, which is hopefully big enough wiggle room, we can exploit it, provide a more competitive team for our group,' Jackson said after the Knicks' summer league practice in Las Vegas. 

"Anthony and the Knicks had been in the final stages of negotiations since Saturday. 

"Anthony also announced the deal via his personal website on Sunday afternoon. 

"'A few years ago I dreamed of coming back to New York City, the place of my birth, and on February 23, 2011 that became a reality,' Anthony said in a statement. 'This organization has supported me and in return, I want to stay and build here with this city and my team. 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.'

"Anthony was being courted by the Knicks, Chicago Bulls, Dallas Mavericks, Houston Rockets and Los Angeles Lakers. He met with each team last week." 

Begley also points out the Knicks are expected to be over the salary cap now that Anthony is back: 

"With Anthony, Amar'e Stoudemire ($23.4 million) and Andrea Bargnani ($11.5 million) under contract for 2014-15, the Knicks are expected to be over the salary cap. Jackson had offered Stoudemire and Bargnani in trade talks with several teams in recent days, according to sources. He was unable to find a taker.

"Assuming Stoudemire and Bargnani remain under contract, the Knicks will have only the $3.3 million tax payer's exception and veteran's minimum contracts to offer free agents this summer. 

"Jackson hinted that the Knicks would be prudent with their spending for the rest of the summer but made it clear that he would be looking to balance the guard-heavy roster. 

"'We've been a taxpayer team for a little bit and we want to limit that. So, we're not not just going to foolishly throw money away because it's available to us,' Jackson said. 'We want to make an appropriate move that brings our team forward.' 

"In the summer of 2015, the Knicks are projected to have at least $20 million in cap space. New York is expected to target the top free agents on the market that summer, a list which could include Memphis Grizzlies center Marc Gasol."

The 30-year-old Anthony is entering his 12th NBA season. He has averaged 25.3 points, 6.5 rebounds and 3.1 assists in 790 career regular-season games through July 13, per ESPN stats

For more of the hottest sports news, log on to Sport Balla today. 

 

iPad Air Giveaway. Win a free iPad Air.

You Might Also Like

Updates


Sponsored Update

Update: 11

Knicks Rumors: Latest Trade Buzz, Possible Return of Metta World Peace and More

Source: Bleacher Report

New York Knicks Press Conference
It's already been a busy offseason for the New York Knicks. New team president Phil Jackson has already worked a great deal of magic with the franchise by keeping Carmelo Anthony in the fold and acquiring Cleanthony Early through the draft in what appears to be a second-round steal. But he isn't done yet. Jackson is still aiming to bolster the team's roster in a variety of ways, including both trades and free-agent acquisitions. Based on rumors recently surfacin ...
Source: Bleacher Report  Full article at: Bleacher Report 22 hours ago, 10:00am CDT
 


Advertisement


Update: 10

Best Potential Veteran Minimum Free-Agent Options for NY Knicks

Source: Bleacher Report

To Be One Performs At The Glendale Galleria
After signing center Jason Smith from the New Orleans Pelicans to a one-year deal, the New York Knicks further cemented a roster for 2014-15 that boasts Carmelo Anthony as the lone star in a solar system orbited by a debris field of uncertainty. With precious little roster spots or spending money remaining, the Knicks must now target a veteran who will sign for a minimum salary and can help stabilize a team in tumult—one led by a single bona fide star at the mercy of a roo ...
Source: Bleacher Report  Full article at: Bleacher Report 1 day ago, 6:07am CDT
 

More From the Web

Update: 9

10 Things In Tech You Need To Know This Morning (NFLX, AAPL, YHOO, TWTR)

Source: Business Insider

TechCrunch Disrupt New York May 2011 - Day 2
Good morning! It's going to heat up again here in New York, with the high temperature approaching 87 degrees. Let's look at the news. 1. Apple is putting in an order for 70-80 million iPhone 6 phones for the fall. That is its biggest order ever by a wide margin. It's ordering 4.7-inch and 5.5-inch models, with the 5.5-inch model coming a little later than the 4.7-inch model. 2. Apple ...
Source: Business Insider   Full article at: Business Insider 1 day ago, 5:24am CDT
 

Update: 7

Best Potential Veteran Minimum Free-Agent Options for Houston Rockets

Source: Bleacher Report

GREY GOOSE Le Melon Toasts Carmelo Anthony With Art Commissioned By Artist Kehinde Wiley
Now that the big names are off the market, the Houston Rockets should fill out the rest of their roster with cheap veterans. This offseason hasn't gone quite how the Rockets had hoped. With their sights set on adding an elite superstar like Chris Bosh or Carmelo Anthony, Houston was forced to settle on small forward Trevor Ariza. Making matters worse, the team bid adieu to quality players such as Omer Asik, Jeremy Lin and Chandler Parsons.  Houston has already done ...
Source: Bleacher Report  Full article at: Bleacher Report 1 day ago, 5:15am CDT
 

Update: 6

Scottie Pippen Talks LeBron James, Carmelo Anthony in ESPN Blog

Source: Sport Balla

GREY GOOSE Le Melon Toasts Carmelo Anthony With Art Commissioned By Artist Kehinde Wiley
Chicago Bulls Hall of Fame forward Scottie Pippen has opened up on the recent free-agent moves of LeBron James and Carmelo Anthony.Pippen told ESPN Chicago's Jon G ...
Source: Sport Balla   Full article at: Sport Balla 1 day ago, 12:06am CDT
 

Update: 5

NBA Free Agency 2014: Best Destinations for Top Players Remaining

Source: Bleacher Report

DJ Irie Weekend - BBQ Beach Bash
The 2014 NBA free-agency period is no longer the round-the-clock spectacle it was when LeBron James and Carmelo Anthony were busy making their highly anticipated decisions. The news has settled into a bit of a lull, but there is still plenty of talent to be had out on the open market. The last man on the squad could still make a big impact come playoff time, whether it's veteran leadership or filling in after an unforeseen injury. For those teams without championship aspirations, the las ...
Source: Bleacher Report  Full article at: Bleacher Report 1 day ago, 8:45pm CDT
 

Update: 4

Meet Carmelo Anthony, venture capitalist

Source: Conde Nast Portfolio

GREY GOOSE Le Melon Toasts Carmelo Anthony With Art Commissioned By Artist Kehinde Wiley
E ight days ago, basketball superstar Carmelo Anthony struck a deal to stay with the New York Knicks, a gamble that he can bring a world championship to the floundering franchise in the next five years. Now, he's ready for even longer shot risks: Venture capitalism. The seven-time all star and two-time Olympic champion has partnered with former NBC executive vice president Stuart Goldfarb to launch M7 Tech Partners, an early-stage seed fund fo ...
Source: Conde Nast Portfolio   Full article at: Conde Nast Portfolio 1 day ago, 2:38pm CDT
 

Update: 3

Meet Carmelo Anthony, venture capitalist

Source: The Business Review - Albany

GREY GOOSE Le Melon Toasts Carmelo Anthony With Art Commissioned By Artist Kehinde Wiley
Eight days ago, basketball superstar Carmelo Anthony struck a deal to stay with the New York Knicks, a gamble that he can bring a world championship to the floundering franchise in the next five years. Now, he's ready for even longer shot risks: Venture capitalism. The seven-time all star and two-time Olympic champion has partnered with former NBC executive vice president Stuart Goldfarb to launch M7 Tech Partners, an early-stage seed fund for digital media and consumer techn ...
Source: The Business Review - Albany   Full article at: The Business Review - Albany 1 day ago, 1:52pm CDT
 

Update: 2

Small markets still losing in NBA

Source: Sportsnet.ca

Cleveland Celebrates LeBron James Coming Home
A sports league, by nature, is a capitalist ecosystem. When you tinker with its free market you get oddities in the system. That’s what we are seeing this NBA off-season—teams struggling with the balance of paying players appropriately and competing under the current collective bargaining agreement. The CBA, adopted in 2011, is a system set up under the rouse of competitive balance. Small-market owners said ...
Source: Sportsnet.ca   Full article at: Sportsnet.ca 1 day ago, 9:17am CDT
 

Update: 1

Emerson releases new power module; NBA star launches new tech fund: TechFlash 7 things

Source: St. Louis Business Journal

GREY GOOSE Le Melon Toasts Carmelo Anthony With Art Commissioned By Artist Kehinde Wiley
Emerson’s Process Management unit has released a new flow computer power module that offers increased power delivery and eliminates the need to change power modules. Think you had it bad when your information was stolen via the Schnuck’s data breach? This company took three years to tell its customers their data was stolen. NBA superstar Carmelo Anthony launched a new venture capital firm called M7 Tech Partners. Here’s what you need to know about Ap ...
Source: St. Louis Business Journal   Full article at: St. Louis Business Journal 2 days ago, 8:10am CDT
 

Shopping Deals

 
 
 


Poch de la Rosa follows all major U.S. sports: NFL, MLB, NBA, NHL and the NCAA. His favorite teams are the Colts, Braves, Pacers, Sharks and Irish, respectively.

 

 

Comments

blog comments powered by Disqus

Latest stories

Tim Cook is hopeful regarding iPad Sales
Tim Cook is hopeful regarding iPad Sales
Tim Cook recently spoke in an interview about how he was hopeful regarding the popularity of the iPad.
 
 
You Are Being Tracked Online By A Sneaky New Technology: Canvas Fingerprinting
You Are Being Tracked Online By A Sneaky New Technology: Canvas Fingerprinting
You are likely being tracked online by a sneaky, new technology that works without your consent, and can track you even if you use anti-tracking toolbars or strict privacy settings. How is this possible? Historically,...
 
 
The Hottest Bikini Photos from the Mercedes-Benz Fashion Week Swim 2015
The Hottest Bikini Photos from the Mercedes-Benz Fashion Week Swim 2015
The Mercedes-Benz Fashion Week Swim 2015 took place in Miami Beach, Florida this week and we have the hottest bikini photos from the runway for you. See the gallery below.
 
 
Cameron Diaz Disses Kyle upon Drew Barrymore Questions
Cameron Diaz Disses Kyle upon his Inappropriate Questions
Cameron Diaz recently dissed the interviewer Kyle Sandilands upon some of his inappropriate questions regarding Drew Barrymore and Benji Madden.
 
 
 

About the Geek Mind


Read more about The Geek Mind.