Carmelo Opts Out of Knicks Contract

Published 06/23 2014 04:42PM

Updated 06/23 2014 05:19PM

Carmelo Anthony officially opted out of the final year of his contract with the New York Knicks today and will test free agency this summer, according to his agent.

Anthony can sign a maximum contract worth $129 million over five years with the Knicks.

He can sign a maximum deal worth $96 million over four years with another team.

Sources say Anthony would consider signing with the Chicago Bulls, Houston Rockets or Dallas Mavericks.

Teams can meet with Anthony beginning July 1st.

Copyright 2017 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.