Carmelo Anthony Staying With Knicks

Published 07/12 2014 06:40PM

Updated 07/13 2014 07:22PM

Carmelo Anthony
Carmelo Anthony
Syracuse (WSYR-TV) -- Start spreading the news, he's not leaving today ...

Calling himself "a New York Knick at heart," Carmelo Anthony made it official on Sunday, announcing on his website that he is remaining with his hometown team.

The former Syracuse stand out ended months of speculation by signing a new 5-year deal with New York. The team did not release the details of Anthony's contract.

ESPN is reporting that 'Melo's contract is for more than $122 million, but less than the $129 million maximum the Knicks could offer the 30-year-old All-Star.

In his statement, Anthony says that his "heart never wavered," though he did feel he owed it to himself and his family to explore all options available. Carmelo met with the L.A. Lakers, Chicago Bulls, and Houston Rockets, before ultimately deciding to stay in New York. The most any of those teams could offer Anthony was a 4-year deal worth about $97 million.

'Melo made it a point to laud new Knicks president Phil Jackson, who has promised to continue improving the Knicks' roster. New York is expected to have more than $20 million in salary cap space available after the 2014-15 season.

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