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Carmelo sticks with Knicks

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Carmelo sticks with Knicks
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NEW YORK (Reuters) — Carmelo Anthony made his return to the New York Knicks official, while the Miami Heat made a move to reload following the exit of LeBron James by agreeing to a deal with forward Luol Deng in NBA free agency moves on Sunday.

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Paul Pierce will be moving to Washington to join the Wizards and Chandler Parsons will be a member of the Dallas Mavericks next season.

High-scoring Anthony gives team president Phil Jackson the foundation piece he desired in his quest to bring an NBA title to Madison Square Garden for the first time since 1973.

Under NBA salary cap rules, Anthony could sign a five-year contract for as much as $129 million, but he may elect to take less in order to give the Knicks more budget room.

“We are now happy to know that we have the cornerstone of what we envision as a ‘team of excellence.’” Jackson said in a statement.

“I am a New York Knick at heart,” Anthony said.

Free agent Deng of Britain, who played most of his NBA career with the Chicago Bulls and part of last season with the Cavaliers, will try to help fill the massive void left by the departure of James.

Deng agreed to a $20 million, two-year deal with the Heat, according to multiple reports.

The Houston Rockets declined to match the 3-year, $45 million offer from the Houston Rockets for Parsons. Houston instead opted to sign Trevor Ariza to a 4-year, $32 million deal.

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