As Carmelo Anthony has officially told the Knicks that he will exercise his player option for the 2014-15 season, he will become a free agent on July 1st. The Knicks' president Phil Jackson has publicly voiced many times that he wanted Anthony to opt-in, and has tried privately to convince Anthony that the Knicks can bring in another star in order to compete for a championship next year. However, they have some salary cap problems as Amar'e Stoudemire will make $23.4 million next year, Tyson Chandler will make $14.6 million, and Andrea Bargnani will make $11.5 million.
It is still possible that Anthony will return the Knicks, but now other teams have a chance to sign him as well, like the Chicago Bulls, Dallas Mavericks, Houston Rockets, Boston Celtics, or Miami Heat. Carmelo has recently been looking into life in Chicago, while Rajon Rondo has publicly voiced his wish for Anthony in a Celtics uniform. If Pat Riley convinces him to head to Miami, he would have to take a significant pay cut in order to play with James, Wade, and Bosh, as would those three stars. If nothing else, it will make this summer a whole lot more interesting.