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Official: Carmelo Anthony Will Not Exercise Early Termination Option

According to Shams Charania of Yahoo Sports, Carmelo Anthony has informed the Oklahoma City Thunder that he is opting into the final year of his 5-year, $124 million contract he signed with the New York Knicks in 2014. He is due $27.9 million for the 2018-19 season.

More via Charania:

“Anthony has informed the Thunder of his decision, league sources said, and the franchise has also expected him to opt into his deal since the season ended. Anthony faced a deadline Saturday to exercise his early termination option.

Anthony, a 10-time NBA All-Star, averaged a career-low 16.