Report: Knicks, Carmelo Anthony 'finalizing' 5-year contract

The New York Knicks and forward Carmelo Anthony are close to a five-year deal worth $120-million plus, according to Adrian Wojnarowski. 

According to a source for Wojnarowski, the deal might be less than the maximum $129-million.

According to ESPN.com, the Chicago Bulls and Houston Rockets have been told to 'move on'.

Last season, Carmelo played in 77 games, averaging 27.4 points per game.