"Why would Melo leave New York? Where would he go? Where would he go to reach the same fame and acclaim that he's reached here?" Frazier, a Hall of Fame point guard, said earlier this week on "The Anthony Donahue Show."
Frazier points to the amount of marketing opportunities that Anthony has enjoyed in New York as one reason Carmelo should stick with the Knicks. Frazier says Anthony wasn't as visible in Denver as he has been over the last three years in New York.
Frazier also believes the Knicks will do "whatever they can" to improve Anthony's supporting cast.
"Melo’s a good businessman and when you put all of this together, no one can pay him as much as the Knicks," Frazier, the Knicks color commentator on the MSG Network, told Donahue. "I don’t think it’s going to happen; I think he’s staying in New York."
It makes financial sense for Anthony to remain in New York. With the Knicks, Anthony can sign a max contract of five years and $129 million. If he signs with another team, Anthony would ink a max contract of four years and $96 million.
Anthony said on Friday that he'd consider taking a pay cut to re-sign with the Knicks if it put the team in a better position to sign other free-agents.
He called re-signing with the Knicks is his "top priority." But he also made it clear that he'd like to see the Knicks' plan to build a championship contender around him before signing on the dotted line.
"At the end of the season, [that] is the time that everything has to be laid out on the table, from both parties," he said, according to published reports. "If it's something that we can grow with, we can build on, we can compete at the highest level, then we're rolling."