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Carmelo Notifying Knicks He’s Opting Out

Basketball Insiders

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As planned, All-Star forward Carmelo Anthony will file notice with the New York Knicks on Monday that he plans to exercise the early termination option on his contract and become a free agent on July 1, a league source told Yahoo Sports.

Anthony has a Monday deadline to opt out of the $23.5 million deal for the 2014-’15 season.

Anthony is determined to explore free agency and will closely examine opportunities with the Chicago Bulls and Houston Rockets, league sources said.

via Adrian Wojnarowski of Yahoo! Sports

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Report: Jimmy Butler Asks For A Trade

According to Shams Charania, Wolves forward Jimmy Butler has asked to be traded.

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Jimmy Butler has requested a trade from the Minnesota Timberwolves, league sources tell me and @JonKrawczynski. Butler has given Minnesota a list of one-to-three teams with whom he’s open to signing extension, in anticipation of trade.

Source: Shams Charania, via Twitter

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Sources: 76ers Promote Elton Brand to General Manager

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Philadelphia has hired Elton Brand as general manager, league sources tell ESPN. Brand will be elevated from VP of Basketball Operations. He made strong impression on ownership and Brett Brown in process, beating out several inside and outside candidates.

Source: Adrian Wojnarowski on Twitter

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Sources: NBA Updates Salary Cap Projections for Future Seasons

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Sources: The NBA has informed its teams of updated projected salary cap and tax level for 2019-20 ($109M, $132M) and 2020-21 ($118M, $143M).

Sources: Shams Charania on Twitter

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