NBA Free Agency: Carmelo Anthony will opt out of his contract with the New York Knicks

It’s been reported that Carmelo has informed the New York Knicks that he’ll be opting out of the final year of his contract.

The NBA's free agency period has just gotten a whole lot more important. Frank Isola of the New York Daily news has reported that Carmelo Anthony intends to opt out of the final year of his contract in which he was set to make $23.3 million and become an restricted free agent.

Anthony is one of the top players in the NBA and his signature will be the most coveted of any this summer. The small forward has never averaged below 20.0 points per game in his career and last year was the first time he failed to lead his team to the play-offs.

Last season was one of the one of the most difficult seasons of Anthony’s career and it seems as though ‘Melo may have had enough New York.

After engineering his own trade away from the Denver Nuggets, Anthony has not enjoyed the success he would have liked in New York.

The Knicks finished as 6th and 7th seeds in the East during Anthony’s first two years in New York and one only one play-off game during those years, crashing out in the first round on both occasions.

Last season the Knicks showed some more promise as they won 54 regular season games, however they were beaten well by the Indiana Pacers in the conference semi-finals. At 30 age is no longer on Anthony’s side and he will be thinking only about putting himself in the best position to win an NBA title.

While it’s possible that Anthony will re-sign in New York, perhaps for less money so as to make room for another ring chasing star, several teams have already established themselves out as potential destinations for Anthony.

Houston are always on the lookout for big name signings while Chicago are also looking to add to Derrick Rose and Joakim Noah to create their own Big Three. One can also never rule out the L.A. Lakers when it comes to attracting free agents

What’s certain is that the battle to lure Anthony to their franchise will be hot. Let the race begin.