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Stein: Carmelo Anthony will not opt out of his Thunder contract

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Anthony has until Saturday at midnight to exercise the option.

Oklahoma City Thunder v Utah Jazz - Game Three Photo by Gene Sweeney Jr./Getty Images

Marc Stein of the New York Times reported on Friday that Carmelo Anthony does not intend to opt out of his contract with the Oklahoma City Thunder. He is owed $27.9 million next season.

The former all-star has until Saturday, June 23 at midnight EST to exercise the option. This news is not surprising, as Anthony is coming off of a relatively disappointing season and would not be able to find better money elsewhere. Once he lets this deadline pass, Anthony will lock in his salary with OKC for the 2018-19 season.

Keep an eye on a potential buyout or trade situation, as the Thunder will be looking to free up as much space as possible to try and re-sign Paul George.