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Melo Set to Receive Upfront Salary Payment?

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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.

via Chris Herring of The Wall Street Journal

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Report: Earl Watson Fired as Suns Coach

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Phoenix coach Earl Watson has been fired, league sources tell ESPN.

Source: Adrian Wojnarowski of ESPN

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Sources: Jameer Nelson Signs 1-Year Deal With Pelicans

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Free-agent guard Jameer Nelson has agreed to a one-year deal with the New Orleans Pelicans, league sources told The Vertical.

Nelson entered free agency Wednesday, when the Denver Nuggets waived him to create roster space to sign Richard Jefferson and allow second-year guard Jamal Murray to assume the starting point-guard role.

Source: Shams Charania of The Vertical

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Bobby Portis Apologizes to Bulls for Mirotic Fight

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Bobby Portis has apologized to his Bulls teammates for getting into a fight that left Nikola Mirotic with facial fractures and a concussion. “He didn’t address us today, but he did address the team before so that was taken care of,” Bulls swingman Justin Holiday said after Friday’s practice.

Bulls coach Fred Hoiberg acknowledged that Portis’ apology took place during a team meeting but did not want to go into specific details about his message. “I’ll keep that between the team,” Hoiberg said, “as far as exactly what was said in that meeting.”

Source: Nick Friedell of ESPN

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