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Carmelo Anthony will opt out of contract with Knicks

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Despite Phil Jackson’s attempts to persuade him otherwise, Carmelo Anthony will opt out of his contract Monday and hit the free agent market.

If Carmelo Anthony is going to remain with the Knicks, it won’t be on a player option for next season. Anthony will inform New York on Monday that he has opted out of the final year of his contract, according to Frank Isola of the New York Daily News.

Anthony’s contract included a $23.3 million player option for next season. New Knicks president Phil Jackson had reportedly urged Anthony to accept the player option and delay free agency another season. It was a longshot from the start and Anthony will indeed hit the open market with his decision to opt out. The 30-year-old Anthony will now be able to secure another lucrative long-term deal and potentially find a better situation to contend for a championship.

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