Newly re-signed F Carmelo Anthony will get half of his yearly salary upfront, the maximum allowed by the NBA’s collective bargaining agreement.
Anthony, who signed a 7-year, $124 million deal earlier this summer, will receive half of his $22.5 million salary in one lump some payment this season (Wall Street Journal, Aug. 15).
His contract is set up like that every year meaning ,$62 million in total salary will be paid up front. It’s an unusual salary structure, but something the Knicks did with J.R. Smith, who has a similar mechanism on his 3-year, $18 million deal. The payouts are more about timing and do not affect the salary cap.