July 13, 2014 NEW YORK (AP) -- Carmelo Anthony is remaining with the Knicks, saying he wants "to stay and build here with this city and my team."
Anthony made his decision official Sunday with a posting on his website. He writes: "In the end, I am a New York Knick at heart."
Anthony explains that he owed it to himself to explore other opportunities as a free agent, but in the end his "heart never wavered."
The Knicks can pay the All-Star forward they acquired in February 2011 nearly $130 million over five years.
Knicks President Phil Jackson is expected to talk about Anthony's decision later Sunday in Las Vegas, where the Knicks are practicing on an off day at the summer league.