At this point it's not clear whether the Thunder will trade Anthony or just buy him out, but he will not be suiting up for the Thunder next season.
Anthony, a four-time Olympian and three-time gold medalist, is the all-time United States scoring and rebounds leader but the 10-time All-Star has struggled in 15 NBA seasons, never playing in the NBA Finals.
Facing a historically high luxury tax bill, the Oklahoma City Thunder are looking for ways to part ways with Carmelo Anthony and his salary via trade, stretch provision or buyout, per Adrian Wojnarowski and Royce Young.
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The 34-year-old was traded to Oklahoma City in September last year after six and a half seasons with the New York Knicks. "The Houston Rockets, Miami Heat and Los Angeles Lakers are among multiple teams expected to express interest in Anthony, sources tell ESPN".
"Anthony's agent, Leon Rose of CAA Sports, has a strong relationship and history with Thunder general manager Sam Presti, and they'll work together on Anthony's exit", the report states.
Anthony's situation allows for talks to teams who might release Anthony into free agency or would be looking for a massive contract that expires next year, providing a huge pool of money for next year's free agents. In Game 6 of the first-round playoff series against Utah that ended Oklahoma City's season, he played fewer minutes than his backup, Grant.
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So, in Anthony's case, should the Thunder decide to stretch his $27.9-million contract out, instead of getting hit with that huge lump sum next season, the team would have $9.3 million going against their cap for the 2018-19 season and the next two subsequent ones.
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"I don't think I can be effective as that type of player", he said.
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