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Carmelo Anthony has finalized a contract buyout with the Atlanta Hawks and plans to wait until clearing waivers to officially tell the Houston Rockets of his plans to sign a free-agent deal, league sources told ESPN.
The Hawks waived Anthony on Monday morning, paving the way for him to clear waivers on Wednesday at 5 p.m. ET.
Anthony will get his full salary for the 2018-19 season, accepting a $2.4 million reduction in his buyout with the Hawks that will essentially return to him once he signs $2.4 million veterans minimum deal with his new team, league sources said.