Carmelo Anthony and the Atlanta Hawks have officially agreed on a buyout in which Carmelo will give back $2.4 million of his $27.9 million dollar salary. Anthony will wait 48 hours to clear waivers before he officially announces his plans to sign with the Houston Rockets.
The Atlanta Hawks are reportedly finalizing a deal with talented big-man Alex Lin. The news was broke by Yahoo Sports after a person familiar with the situation told the media company. Last season, Len averaged 8.5 ppg, 7.5 rpg, and 1.2 assists per game while playing in a Phoenix Suns’ jersey. The deal the two sides reportedly discussed is worth $8.5 million in exchange for two years of the center’s services.
The Oklahoma City Thunder, Atlanta Hawks, and Philadelphia 76ers have agreed on a trade which sends Carmelo Anthony, Justin Anderson, and a protected 2022 first-round pick to the Hawks, while OKC lands guard Dennis Schroder and Luwawu-Cabarrot in the deal. Philadelphia also acquires Mike Muscala in the three-team trade. The Hawks have also agreed to buyout Carmelo’s contract worth $27.9 million dollars. This deal helps the Oklahoma City Thunder tremendously in salary and luxury tax savings, with the total being somewhere near $73 million. The Thunder also avoid having to stretch Carmelo’s contract thanks to this trade. Carmelo will meet with more teams once he is bought-out and reports are surfacing saying that the Houston Rockets remain the frontrunners.