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Melo Set to Receive Upfront Salary Payment?

Basketball Insiders

Sports Editor

Updated 2 years ago on October 15, 2021 • 1 min read

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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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