Skip to content

Report: Carmelo Anthony to receive $62M in advanced payments from Knicks

Cary Edmondson / Reuters

After signing a five-year, $124-million deal to remain with the New York Knicks, forward Carmelo Anthony let everyone know that the deal was about winning, and that he didn't "care about the money." 

Not caring about money is the kind of thing that comes easily when you're making nine figures, and even easier when you get a big chunk of it up front.

According to The Wall Street Journal, Anthony will reportedly receive more than $62 million in advanced payments, with 50 percent of his annual salary being paid to him at the beginning of each respective year. That is the maximum amount allowed to be paid in advance each year, according to the rules of the collective bargaining agreement, and while this is an extreme case, it's not entirely unusual.

It's a decent payday on the eve of each season, what with more than $11 million coming his way to kick off 2014-15. Imagine how excited he'd be if he cared about it. 

Daily Newsletter

Get the latest trending sports news daily in your inbox