Carmelo Anthony is expected to inform the New York Knicks on Saturday that he will be accepting their five-year contract offer.
Just a matter of hours until Carmelo Anthony informs the Knicks of his return on a five-year deal, as @FisolaNYDN reported this week.
— Adrian Wojnarowski (@WojYahooNBA) July 12, 2014
While the Bulls were in the mix of things for Anthony until this weekend, the expectation all along was that Anthony would indeed return to the Knicks.
In short, Anthony chose the money over having the opportunity to win a title. Anthony has yet to be a member of a legitimate NBA Finals contender–something that the Bulls could have been had Anthony signed with them. The Knicks, even with Anthony’s return, will not be among the top teams in the Eastern Conference. The Bulls, Miami Heat, Washington Wizards, and Indiana Pacers all figure to be better suited for a playoff-run than the Knicks.
The Bulls have already moved on began working on contingency plans.
The Bulls are believed to be finalizing an agreement with Pau Gasol that could result in a sign-and-trade with the Los Angeles Lakers. In addition to Gasol, the Bulls have also targeted Trevor Ariza and Lance Stephenson as possible improvements on the wing. Ariza could be the more likely of the two with Stephenson seeking $10 million per season.
Anthony would have been a great addition for the Bulls, but his decision to remain in New York will not keep the Bulls from having a successful off-season.