Phil Jackson reportedly refused to buy out Carmelo Anthony while running the Knicks. Jackson’s successor, Steve Mills, flatly said he wouldn’t buy out Anthony. But somewhere along the way, Anthony apparently agreed to a buyout with someone in Knicks management. Ian Begley of ESPN: There was a buyout agreement in place that was vetoed by Knicks owner James Dolan. ESPN’s Ramona Shelburne reported that the franchise decided it would not buy out Anthony, a sticking point that was one factor behind owner James Dolan’s parting ways with Jackson shortly after the draft. This is obviously a situation where the owner must sign off. It wasn’t necessarily Jackson who overstepped his authority, but it sure sounds like it was. I don’t know how much money Anthony would’ve given up to hit free agency, but the Knicks likely came out ahead by not buying him out.
Knicks owner James Dolan vetoed agreed-upon Carmelo Anthony buyout
Pro Basketball Talk | Dec 26