Carmelo Anthony has elected to take half of his $22.5MM salary this season up front, reports Marc Berman of the New York Post. Because his five-year, $124MM contract is structured similarly for future seasons, Anthony will receive a total of $62MM up front over the course of his deal, notes Berman. This won’t have any bearing on the Knicks‘ salary cap, but likely is among the largest immediate payouts in NBA history, Berman points out. League rules stipulate the maximum allowable advance is 50 percent of a player’s annual salary.
Here’s more from around the league:
- Marcus Denmon has signed with Enel Brindisi of the Italian League, the team announced via their Facebook page (translation by Enea Trapani of Sportando). Denmon was a former second round pick of the Spurs. Enel Brindisi signed him after negotiations with Orlando Johnson fell through, notes Trapani.
- 34 players in the NBA currently have trade kickers in their contracts, and Eric Pincus of Basketball Insiders runs down the list.
- Although other teams have made more noise this summer, one team that has quietly improved itself is the Wizards, writes Jessica Camerato of Basketball Insiders. In the article, Camerato looks at the additions the team has made, and the impact they could have on Washington’s season.
that’ll end well (the melo upfront money)