The 'Melo Mania is over.

Carmelo Anthony will stay with the New York Knicks.

The contract will be for more than $122 million but less than the five-year, $129 million max figure, a source told ESPN The Magazine's Chris Broussard on Saturday.

The free agent small forward who was considering the Knicks, Chicago Bulls, Los Angeles Lakers, Houston Rockets and Dallas Mavericks decided Saturday to sign a five-year contract with the Knicks, a person with knowledge of the situation told USA TODAY Sports. After 11 NBA seasons, with seven All-Star appearances, 10 playoff appearances, one scoring title and zero championships, Anthony will continue his title pursuit alongside first-year Knicks President Phil Jackson.

The person spoke on the condition of anonymity because the contract has not been made official.

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Anthony, 30, had never been a free agent, so he did what first-time free agent superstars so often do. He made the recruiting rounds, starting in Chicago on Tuesday to see the Bulls before visiting the Rockets and Mavericks on Wednesday and the Lakers and Knicks in Los Angeles on Thursday.

The Knicks always had the financial edge, as their five-year, nearly $130 million, maximum-contract offer was more than $30 million more than any other team could offer. (The contract details are not known yet.) Anthony had made it all about the money before, when he forced his way out of Denver and the Knicks had to send Wilson Chandler, Raymond Felton, Danilo Gallinari, Timofey Mozgov and a first-round pick to the Nuggets to make it happen. Anthony had landed his three-year, $65 million extension, but the Knicks ultimately paid a steep price for discarding all that talent to get him there.

GALLERY: Carmelo through the years
Carmelo Anthony has lived a charmed basketball life, going from top recruit to college champion to NBA superstar. Flip through this gallery to see how he got there. Howard Smith, USA TODAY Sports

More than before, that meant their pitch had to be about business and basketball. So they traded for point guard Jose Calderon in a recent deal with the Mavericks, upgrading at a spot — previously held by Felton, who returned before last season — where Anthony was known to have serious concerns. Jackson sold Anthony on his Bulls/Lakers championship resume, emphasizing the role he had played in helping Michael Jordan and Kobe Bryant take their games to new levels en route to winning so many rings.

The most pressing question was whether Anthony had any patience left to see it through Jackson's plan. After three consecutive playoff appearances and a second-round loss to the Indiana Pacers in 2013, the Knicks fell apart. Their 37-45 record — which few blamed on Anthony as he averaged 27.4 points, 8.1 rebounds and 3.1 assists — left them out of the playoff race. It left Anthony's future in doubt, too.

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The Bulls had an advantage of a very different kind, as Anthony had wanted to play for the Bulls since those days when he was plotting his exit out of Denver. With Anthony, they would instantly be Eastern Conference favorites and give him the title shot he had wanted for so long. He would have former MVP Derrick Rose (if healthy) running the show, current Defensive Player of the Year Joakim Noah down low and so many stellar pieces all around.

At the start of the recruiting process, the Rockets seemed to be on Anthony's short list as well. Center Dwight Howard had made the surprising decision to leave Los Angeles last summer, joining James Harden and putting Houston just one piece from having its own Big Three.

The Mavericks had attempted to pull off a pre-free agency pitch as well, trading for the Knicks' Felton and Tyson Chandler in a move the certainly made them more appealing. The Felton hurdle was cleared by re-signing point guard Devin Harris (who agreed on a three-year, $9 million deal with Dallas on Saturday), and the group that also included Monta Ellis and Dirk Nowitzki would have been worthy of title-contender status with Anthony.

The Lakers, meanwhile, offered a fascinating balance of personal and professional appeal.

Anthony, who had said recently that the comfort level of his wife, La La, and 7-year-old son would come into play, has an offseason home in Los Angeles. What's more, he had the chance to do what Howard chose not to: take the torch from Bryant on the tail-end of the future Hall of Famer's career, but not before trying to help him win his sixth championship first. And they could offer the maximum contract that the Bulls, Rockets and Mavericks could not: of $97 million over four years.

Pumped about this cause Melo will always be one of my favorite players. I want him to bring a title there badly, more for his own legacy than for the Knicks tbh. He'd be the king of NY.

lol the Knicks winning a championship.

Damn this nigga bankin'.

All that money thrown away for nothing.

Melo/Knicks doubters will see.

Bet you've been saying that the past few years  

Eh, maybe one year. I usually say they'll lose in the ECF tbh.   


The future is brighter now, though. Phil Jackson knows what he's doing & will attract bigger stars to commit to NY, Amare's contract is about to be up (a few bad contracts will be), Melo's locked in (who's a GREAT start IMO). We've yet to see how good the Cavs might become but it's looking good, not really for this next season at all but for the near future at least.

i can def see him winning a ring in NY in the next 6 years, maybe in like 2017

Balling

I like players who ball hog, Kobe Melo Durant etc

The Knicks are going to be (really) good in 2015-2016. Their starting lineup could realistically look something like:

PG1 Jose Calderon
PG2 Pablo Prigioni
SG1 Goran Dragic
SG2 Tim Hardaway Jr.
SF1 Carmelo Anthony
SF2 JR Smith
PF1 Kevin Garnett
PF2 Luis Scola
C1 Marc Gasol
C2 Willie Cauley-Stein*

Garnett would kill himself before playing with Melo though lol

I think it could work out, them two together. That lineup looks pretty tight if it could happen.