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Melo Set to Receive Upfront Salary Payment?

Basketball Insiders

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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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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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Sources: Pelicans, Jarrett Jack Agree to Deal

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Free agent guard Jarrett Jack has agreed to a one-year deal with the New Orleans Pelicans, per league sources.

Source: Shams Charania on Twitter

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Spurs Name Brent Barry VP of Basketball Operations

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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

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