Carmelo Anthony decides to re-sign with Knicks

By Kyle Johnson,

Another All-Star player has decided to remain with their current team after exploring free agency, as Carmelo Anthony has reportedly opted to sign a multi-year deal with the New York Knicks.

With LeBron James finally announcing on Friday that he will be departing from South Beach to return home to Cleveland, other highly-prized free agents have started to come off the board.

Chris Bosh decided to remain with the Miami Heat for a huge payday and so too has Anthony, who will likely earn $129 million over five years, the New York Daily News reports.

Anthony had been looking between the Knicks and the Chicago Bulls, who couldn't come close to that deal. At best, the All-Star would earn $77 million over four years had he left for the Bulls, though that team is closer to contending for a championship than the Knicks.

With Anthony out of the picture, the Bulls have turned their focus to signing Los Angeles Lakers free agent Pau Gasol.

They are looking at possibly going with a sign-and-trade deal, where a source told the Chicago Tribune, the Lakers could get Mike Dunleavy, along with Ronnie Brewer, Lou Amundsen and Mike James, who have non-guaranteed contracts.

image via Jennifer Graylock/INFphoto.com

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