Carmelo Anthony Won’t Opt Out Of Contract

Carmelo Anthony won’t exercise the early termination option on his contract before Saturday’s deadline, reports Marc Stein of The New York Times. As Stein writes, that means Anthony is opting into the final year of his contract with the Thunder, which will put him in line for a salary of $27,928,140 in 2018/19.

Despite any lingering issues he has with the club over his role last season, Anthony wasn’t going to leave that much money on the table. Oklahoma City and Anthony can pursue a buyout, which would allow the veteran forward to try to find another team where he could get more playing time and touches. Anthony said after Oklahoma City was eliminated from the playoffs that would not accept a limited role again, Stein notes.

Anthony averaged 16.2 PPG and 1.3 APG in 32.1 MPG during the regular season, all career lows. His production dipped to 11.8 PPG and 0.3 APG in the Thunder’s six playoff games and he was often off the floor during crunch time.

The Thunder could, of course, try to trade him but moving Anthony’s salary would be nearly impossible. 

Anthony’s decision to decline the ETO has major implications in regard to the team’s luxury-tax situation as it seeks to re-sign Paul George. The Thunder’s tax bill could approach $80MM if George were re-signed to a max contract with a first-year salary of $30.3MM, as Stein points out.

The Thunder general manager Sam Presti told the media after Thursday’s draft that the club has been talking with Anthony’s representatives.

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