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Melo Facing Tough Decision
Posted By Anthony Raia On Sep 25 2010 @ 9:57 am In Denver Nuggets | No Comments
As we all already know Carmelo Anthony is involved in a four team blockbuster trade that would make him a New Jersey Net. The only thing holding the deal up is that Melo needs to sign off on his extension, worth $65 million over three years. Melo has his heart set on the Knicks, but at the same time wants his money. While signing the extension would give that to him, it could also be a moot point. NBA owners are seeking contract rollbacks, similar to what the NHL did in 2004, starting next year. The rollbacks could be as high as 24%, leaving Melo’s extension worth $50 million over three years, or $16.5 a year. The max contract could drop to around $11 or $12 million next season, so while Melo would make more with the Nets, is it worth it if he doesn’t want to be there?
If your Melo, what do you do?
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