Melo Taking Pay Cut, Staying in NY?

Knicks president Phil Jackson told Anthony during Thursday night’s meeting in Los Angeles he can have the team’s maximum 5-year, $129 million contract if he wishes. But The Post has learned there’s a distinct possibility Anthony will still decide to take a little less than the max.

One scenario would be Anthony starting at the max $22.4 million, but taking a 7.5 percent pay reduction in Year 2, as allowed by the collective bargaining agreement. That reduced salary for the 2015-16 season would give the Knicks a little more cap space next summer.

via Marc Berman of the New York Post