Carmelo Anthony has officially reached a buyout with the Atlanta Hawks, giving back $2.4 million of his $27.9M salary, according to ESPN’s Adrian Wojnarowski. That $2.4 million is the veteran’s minimum that Carmelo will get back when he signs with a new team, likely to be the Houston Rockets.
Anthony spent the 2017-18 season with the Oklahoma City Thunder but was traded to the Hawks this offseason so the Thunder could reduce their luxury tax bill significantly.
Carmelo Anthony has finalized buyout with the Atlanta Hawks, giving back $2.4M of his $27.9M salary, league sources tell ESPN. That's veteran's minimum he'll get back with new team. Anthony will wait to clear waivers in 48 hours to officially tell Rockets of intentions to sign.
— Adrian Wojnarowski (@wojespn) July 30, 2018
In return as compensation for the three-team deal involving the 76ers, Dennis Schroder and Timothe Luwawu-Cabarrot were sent to the Thunder, Mike Muscala was shipped to the 76ers, and Justin Anderson and a 2022 lottery-protected first-round pick via Oklahoma city was sent to Atlanta.
The Thunder granted permission to do so once the sides decided that a parting was imminent. Anthony had also met with the Miami Heat and considered signing there.
Anthony, 34, is a 10-time All-Star forward. Anthony averaged 16.2 points per game for the Thunder a year ago — below his 24.1 PPG career average in the NBA.