According to reports, Carmelo Anthony plans on informing the Knicks tomorrow he is indeed opting out of his current contract to become a free agent on July 1st. This should come as no surprise, as ‘Melo has given on indication he would actually consider Phil Jackson’s suggestion of opting in and waiting a year for the Knicks to position themselves for a rebuild.

Per the terms of ‘Melo’s contract, he has until Monday midnight to inform the team he is opting out, and will likely do so well before the deadline. What comes next will be the interesting question. The Melo to Chicago rumors will only intensify in the upcoming week. The Bulls are busy looking to retool around Derrick Rose, who is participating in basketball activities and will likely play at the FIBA World Championships in August. It appears the Bulls have set their sights on Orlando Magic shooting guard Arron Afflalo, as the first step of their plan to put the pieces in place this summer to quickly get back in the Eastern Conference race.

The Knicks, of course, can still offer ‘Melo the most money, but whether this matters at this point is up for debate. Phil’s been preaching the choir about ‘Melo needing to make sacrifices from a financial standpoint, so the Knicks not even offering ‘Melo the maximum term and dollars is a scenario that could very well play out.

Along with Chicago, Houston is expected to be a suitor as well. Daryl Morey seems to be lining himself up for another aggressive free agency period where he’s reportedly looking to pursue ‘Melo, along with names like LeBron James and Dirk Nowitzki.

Is the ‘Melo in New York era coming to an end? It’s looking more and more like it.

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