NY Post · Jun 15, 2017
Knicks’ other Carmelo option if Jackson can’t pull off trade
It’s a last resort, but if Knicks president Phil Jackson can’t find a trade partner suitable for Carmelo Anthony’s approval, the Zen Master always can go stretch.
Stretch, as in stretch provision.
The new collective bargaining agreement, which kicks in July 1, still contains the stretch provision clause, which few teams ever use. The clause involves waiving a player and spreading his cap hit out beyond the seasons in which he is under contract.
The 33-year-old Anthony has two years and $54.1 million left on his five-year pact. If Jackson were to cut Anthony between July 1 and Aug. 31, under the provision, the $54.1 million would be spread evenly onto the cap across five years.
