Anthony makes NY return official, Deng to Miami

Sun Jul 13, 2014 5:54pm EDT
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(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.

Paul Pierce will be moving to Washington to join the Wizards and the Los Angeles Lakers confirmed their trade with the Houston Rockets for point guard Jeremy Lin as free-agent activity heated up.

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.

Terms of the deal were not disclosed.

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.

Anthony, who averaged 27.4 points last season for the Knicks was the biggest free agent on the market following Friday's decision by James to return to his roots and sign with the Cleveland Cavaliers.

“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.   Continued...

Feb 19, 2014; New Orleans, LA, USA; New York Knicks small forward Carmelo Anthony (7) against the New Orleans Pelicans during the first quarter of a game at the Smoothie King Center. Mandatory Credit: Derick E. Hingle-USA TODAY Sports