Sources: Hawks Buyout, Waive Carmelo Anthony

Carmelo Anthony has finalized a contract buyout with the Atlanta Hawks and plans to wait until clearing waivers to officially tell the Houston Rockets of his plans to sign a free-agent deal, league sources told ESPN.

The Hawks waived Anthony on Monday morning, paving the way for him to clear waivers on Wednesday at 5 p.m. ET.

Anthony will get his full $27.9 million salary for the 2018-19 season, accepting a $2.4 million reduction in his buyout with the Hawks that will essentially return to him once he signs $2.4 million veteran’s-minimum deal with his new team, league sources said.

Source: Adrian Wojnarowski of ESPN