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Carmelo Anthony deal less than max

Updated: July 16, 2014, 8:33 PM ET
By Ian Begley | ESPNNewYork.com

Carmelo Anthony's new five-year contract with the New York Knicks is worth $124 million, $5 million less than the maximum, according to ESPN New York sources.

Anthony's contract also includes a rare no-trade clause and has an early termination option after the fourth year, according to league sources.

Anthony was eligible to sign a contract for a maximum of $129 million but agreed to a deal worth $5 million less to give the Knicks more financial flexibility to pursue free agents ...

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