Sources: Carmelo Anthony to Sign with Rockets Upon Clearing Waivers

Carmelo Anthony is planning to sign with the Houston Rockets upon clearing waivers in coming days, according to two people with knowledge of his plans.

The Hawks have pledged to release Anthony once the trade is complete, according to the people. That will allow him to earn $27.9 million salary next season — as stipulated by the original five-year contract he signed with the Knicks in the summer of 2014 — and then sign with Houston upon clearing waivers. He is expected to receive a one-year deal from the Rockets at the league’s veteran minimum salary of $2.4 million.

Source: Marc Stein of The New York Times