New York Knicks star Carmelo Anthony is set to receive large portions of his $124 million contract in advance payments, according to people familiar with the matter.
The seven-time All-Star will receive half of his $22.5 million salary this season early. His contract is set up the same way for future years too, meaning that he’ll eventually garner a little over $62 million, half the value of his entire deal, through advance payments. According to collective-bargaining agreement rules, 50% of an annual salary is the maximum a player can take in the form of an advance.
Sources: NBA Updates Salary Cap Projections for Future Seasons
— Shams Charania (@ShamsCharania) September 18, 2018
Sources: Shams Charania on Twitter
Sources: Pelicans, Jarrett Jack Agree to Deal
— Shams Charania (@ShamsCharania) September 17, 2018
Source: Shams Charania on Twitter
Spurs Name Brent Barry VP of Basketball Operations
The San Antonio Spurs hired television analyst and 14-year NBA veteran Brent Barry to their front office, naming him vice president of basketball operations Monday.
Barry, who won titles in 2005 and 2007 with the Spurs, has been considering a move into an NBA front-office role for several years.
Source: Adrian Wojnarowski of ESPN