Anthony set to announce deal with Knicks: reports (Reuters)

[Yahoo! Sports - NBA -]

(Reuters) - Prolific scorer Carmelo Anthony is hammering out the final details on a contract to return to the New York Knicks, according to media reports on Saturday. Anthony, who averaged 27.4 points last season for the Knicks and is the biggest free agent on the market following Friday's decision by LeBron James to sign with Cleveland, was expected to make an announcement as soon as Sunday, reports said. The seven-time All-Star could sign a five-year contract for as much as $129 million under NBA rules, but he may elect to take less in order to give the Knicks more room under the salary cap to improve the team by shopping for other free agents. Anthony, 30, became a free agent by opting out of the final two years of a contract that would have paid him more than $23 million next season.

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