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Carmelo Anthony Has Been Traded To Atlanta

Carmelo Anthony on the Thunder.

CHARLOTTE, NC - JANUARY 13: Carmelo Anthony #7 of the Oklahoma City Thunder watches on against the Charlotte Hornets during their game at Spectrum Center on January 13, 2018 in Charlotte, North Carolina. (Photo by Streeter Lecka/Getty Images)

Carmelo Anthony has been traded. After opting into the final year of his deal, the Oklahoma City Thunder were on the hook for nearly $28 million.

Sam Presti and company decided that's not what they wanted and the organization started seeking trade partners immediately after Melo signed. Although unlikely, a trade has happened.

Melo is headed to the Atlanta Hawks. The Thunder have reportedly agreed to send Melo and a first round pick, albeit protected, to Atlanta for Dennis Schroder and Mike Muscala.

Here are the details from ESPN's Adrian Wojnarowski.

The move will send Melo to the Hawks, though he's not expected to be there for long. Atlanta will waived the 10-time All-Star and he'll hit free agency.

Once he's there, the Houston Rockets are believed to be the favorites to land a second member of the Banana Boat foursome. The team already has Chris Paul, but Melo could be in line to become the latest Rocket.

The Miami Heat are also reportedly in the conversation.