CARMELO Anthony is settling for the minimum at Houston after giving up a lucrative final-year contract at Oklahoma City.
The All-Star forward was due almost $28 million in the final year of his five-year contract before the Thunder traded him Atlanta in a buyout deal that included that he would be waived.
Now, he’s set for his move to the Rockets where he will sign a one-year, $2.4-million deal.
Adrian Wojnarowski of ESPN reported that Anthony has passed through waivers from Atlanta on Thursday, Manila time.
Carmelo Anthony passes through waivers at 5 PM ET, clearing way for him to inform Houston that he will sign a one-year, $2.4M deal with Rockets.— Adrian Wojnarowski (@wojespn) August 1, 2018
The 34-year-old Anthony will still get his full $27.9 million salary for the upcoming year, but will make $2.4 million less due to his buyout with the Hawks that will basically return to him once he signs $2.4 million veteran's-minimum deal with his new team.
Anthony is coming off his worst offensive season, but is suiting up for a potent offensive team in the Rockets bannered by MVP James Harden and Chris Paul.