Phil Jackson: Carmelo Anthony took the pay cut the Knicks wanted

Al Bello

We still don't know exactly how much that was, but okay.

Oddly, we still haven't seen exact financial details for Carmelo Anthony's new five-year contract with the Knicks. Last we heard, it's somewhere between $120 million and the full mega-max of $129 million. That is a modest pay cut (once we have exact numbers, MattRW will flesh out the effect), but Phil Jackson told reporters Sunday that it's exactly what the Knicks asked of him:

And went on to describe the Knicks' plan going forward:

I'll be forthright: I have a bunch of words sitting in the drafts about how Melo taking such a small pay cut disappoints me. I wrote it in advance, expecting my little feelings would be hurt by Melo leaving the Knicks so little extra cash. And yeah, a cut adding up to ten million or less over five years doesn't create much room. It doesn't quite match the bravado of Melo's explicit assertions that he doesn't care about money and would rather grant the Knicks extra flexibility.

But fuck it, man. I'm already over it. I'm sure Phil Jackson and company would prefer Melo take even less-- every executive wishes every player would take less-- but if Phil's cool with it, so am I. The Knicks always had the option to let the guy walk. If Melo had a dial with "flexibility" at one end and "$" at the other and decided to crank it just a notch short of full $, then the Knicks ultimately held a switch. They flipped it toward Melo. Now it's their task to maximize his next five seasons while building something excellent using the remaining two-thirds or so of the yearly salary cap. And from the sound of things, management intends to approach the coming years like a normal, sensible (albeit rich) team, not with the impulsive, name-hungry recklessness we're used to. With a coherent regime in place, some cap room and a draft pick on the horizon-- plus Melo!-- this future looks more tractable than many Knicks futures past.

The contract's signed for some indeterminate sum and I'm done worrying about Melo's money. Welcome back. Let's go.

Sce5_medium

X
Log In Sign Up

forgot?
Log In Sign Up

Please choose a new SB Nation username and password

As part of the new SB Nation launch, prior users will need to choose a permanent username, along with a new password.

Your username will be used to login to SB Nation going forward.

I already have a Vox Media account!

Verify Vox Media account

Please login to your Vox Media account. This account will be linked to your previously existing Eater account.

Please choose a new SB Nation username and password

As part of the new SB Nation launch, prior MT authors will need to choose a new username and password.

Your username will be used to login to SB Nation going forward.

Forgot password?

We'll email you a reset link.

If you signed up using a 3rd party account like Facebook or Twitter, please login with it instead.

Forgot password?

Try another email?

Almost done,

By becoming a registered user, you are also agreeing to our Terms and confirming that you have read our Privacy Policy.

Join Posting and Toasting

You must be a member of Posting and Toasting to participate.

We have our own Community Guidelines at Posting and Toasting. You should read them.

Join Posting and Toasting

You must be a member of Posting and Toasting to participate.

We have our own Community Guidelines at Posting and Toasting. You should read them.

Spinner.vc97ec6e

Authenticating

Great!

Choose an available username to complete sign up.

In order to provide our users with a better overall experience, we ask for more information from Facebook when using it to login so that we can learn more about our audience and provide you with the best possible experience. We do not store specific user data and the sharing of it is not required to login with Facebook.

tracking_pixel_9347_tracker