Carmelo Anthony is still technically a member of the Atlanta Hawks, as the Oklahoma City Thunder traded him for a package featuring point guard Dennis Schroder. The former All-Star forward is going to be bought out by Atlanta, though, and then he'll hit the open market.
Everyone is expecting Anthony to end up in Houston. The Rockets need help at the forward position and he's been recruited there by his close friend, All-Star point guard Chris Paul.
Marc Stein, an NBA insider for the New York Times, has a major update on Anthony and the Rockets.
"Carmelo Anthony intends to sign with the Houston Rockets upon becoming a free agent, league sources say, though it could be several more days before Melo is formally traded and clears waivers," Stein reports.
Anthony will reportedly be signing a veteran minimum contract with the Rockets, worth $2.4 million for one season.
Melo will not be hurting for money, though. He is reportedly going to receive the full $27 million he's owed by the Hawks in a buyout.
"The Hawks have pledged to release Anthony once the trade is complete, according to the people, which will allow him to earn next season’s scheduled $27.9 million salary — as stipulated by the original five-year contract he signed with the Knicks in the summer of 2014 — and then sign with Houston upon clearing waivers. He is expected to receive a one-year deal from the Rockets at the league’s veteran minimum salary of $2.4 million," Stein reports.
Stay tuned, it sounds like this will be wrapped up soon.