melo back to knicks paul gasal to chicago bulls

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Carmelo Anthony is returning to the New York Knicks.

The free agent forward, who last month exercised the early termination option on his three-year, $64 million contract to become an unrestricted free agent, plans to notify the team on Saturday that he will re-sign, according to multiple reports.

Anthony, 30, averaged 27.4 points, 8.1 rebounds and 3.1 assists last season, posting a 24.4 Player Efficiency Rating and 10.7 win shares. After embarking on a free agent tour that included stops in Dallas, Houston and Los Angeles, Anthony reportedly narrowed his options to the Bulls and Knicks. But on Saturday, his representatives told the Bulls and Rockets to move on, according to reports.

New York has reportedly offered the seven-time All-Star a five-year, $129 million maximum contract, one year and $33 million more than the Bulls can offer. But the team and Anthony are said to be negotiating a deal for more than $122 million but less than $129 million, according to’s Chris Broussard, citing a source.

The Knicks went 37-45 and failed to qualify for the playoffs last season. It was the first time in Anthony’s 11-year career his team didn’t make the postseason. The team fired coach Mike Woodson and hired Phil Jackson as team president and Derek Fisher as head coach.

New York last month gained some cap flexibility by executing a six-player trade that sent center Tyson Chandler and point guard Raymond Felton to Dallas in exchange for a package including point guard Jose Calderon, center Samuel Dalembert and draft picks.

The team is reportedly discussing a trade that would create roughly $25 million in cap room by shipping Amar’e Stoudemire and Iman Shumpert to Philadelphia.

Paul gasal heads to chicago Bulls

Mean While Paul Gasa is heading to Chigago.

Free agent big man Pau Gasol has agreed to join the Chicago Bulls, and he will do so as a free agent rather than in a sign-and-trade, according to ESPN’s Brian Windhorst. This means the deal will start at about $6.5 million per season, per to Yahoo Sports’ Adrian Wojnarowski:

The Bulls and Lakers have been working on a sign-and-trade package to bring Gasol to the Bulls on a multiyear contract that starts at approximately $10 million a year, league sources told Yahoo Sports.

If a sign-and-trade doesn’t come together, the Bulls will sign Gasol to a multiyear deal with a salary starting in the $6.5 million-a-year range, sources said.

Chicago badly needs some more playmaking, and the 34-year-old Gasol can still help out immensely there. He’s not a great defender at this stage of his career, but having Joakim Noah and Taj Gibson on the roster means that’s not a huge problem. READ MORE



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