Breaking News; ‘Melo’ won’t sign extension with New Jersey

New York Post has reported that Carmelo Anthony will not sign extension with the New Jersey Nets.

“Carmelo Anthony is informing those close to him that he will not sign a contract extension if he is traded to the Nets, according to a person aware of Anthony’s preference.

The decision is not surprising, considering the Knicks have long been Anthony’s desired destination. It could also prove meaningless if the Denver Nuggets bypass Anthony’s desire and trade him to the Nets anyway. he would then be confronted with the same choice: sign a three-year, $65 million contract extension or risk losing millions in a re-engineered labor agreement.

But the Nets are unlikely to agree to trade for Anthony without the assurance that he would sign an extension. On Saturday, a spokeswoman for Mikhail D. Prokhorov, the Nets’ majority owner, said that he had no plans to meet with Anthony while in Los Angeles for the All-Star Game, according to The Associated Press.”