Carmelo Anthony's has signed a five-year, $124 million deal with the New York Knicks, with an early termination option for the fifth year.
If not for the Lebron James soap opera this off season Carmelo would have had all the spotlight as he was courted by most of the contenders in the NBA. Ultimately it came down to the Bulls and the Knicks with Anthony opting to resign with New York. Surprisingly Anthony did not take a max contract which would have been worth 129 million. After next year the Knicks will have considerable cap room to make a play in free agency with hopes of getting Melo some help as they work towards becoming an elite team in the eastern conference. ANALYST: Jonathan Impemba