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Why Is The $65 Million Contract Extension A Major Factor?

Listening to Chris Mannix on WFAN radio today implore to the listeners that Carmelo Anthony is desperate to sign his 3-year contract extension for an avg of $21.6 million a year, something didn't add up. Mannix made it a point to state that Melo would be losing this money and never get it back again which is why he will be traded by the deadline. I'm not an expert on the cap or what the collective bargaining agreement will be after the lockout but i can't imagine that the top level elite players in the NBA won't be able to land contracts for huge money.

Now just for arguments sake, lets play around with some numbers. Lets assume that the max a player can earn is $14 million per under the next agreement. Lets say that term length of those free agent deals max out at 5 years. So gone are the days of 7 year deals for $17-22 million per. However, based on those modest numbers, Melo could sign a 5 year, $70 million free agent deal with the Knicks. Not factoring in how much extra money Melo would earn in sponsorships, why would Melo care about this 3 year extension to the point where he's banking on it and therefore giving the Nuggets the power to determine his basketball future?

If, as Mannix says, Melo is determined to sign that extension, then NJ is in the drivers seat here because Denver will take their deal over any deal the Knicks offer. Now reducing the max player cap number from $22 Million to $14 Million is a major drop off and probably one that isn't going to happen. Realistically max players will cap off at $17-18 Million so either way Melo is going to earn a boatload of cash.

Melo will be entering his 9th season so regardless of what the terms of the bargaining agreement would be, he would still be at or close to earning the max amount of money possible. Like I said I'm no expert just throwing things around in my head and I just can't figure why the extension would be so vital to Melo. Maybe I'm wrong guys so educate me.

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