Oklahoma City Thunder trade Carmelo Anthony to the Atlanta Hawks

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Wojnarowski notes that Anthony will be waived, making him free to sign with a team of his choosing.

That also is part of the reasoning behind Atlanta's decision to trade for Jeremy Lin last week. The Thunder organization also permitted Melo to meet teams on his own and work out mutually beneficial deals with them.

On Thursday, the Thunder agreed to a deal to trade Anthony to the Hawks, who plan to waive him and clear the way for him to sign with a different team.

All-Star forward Carmelo Anthony is rumored to join the Houston Rockets when he completes a buyout with the Atlanta Hawks.

Oklahoma City's paramount concern was shedding Anthony's salary - a whopping $27.9 million. Philadelphia receives Mike Muscala from the Hawks, while Oklahoma City gets the Hawks' Dennis Schroder and the 76ers' Timothé Luwawu-Cabarrot. First, they resigned Paul George to a 4 year deal and now they have a solid backup point guard in Schroder.

The Rockets are now linked to Carmelo Anthony, who was recently traded to the Atlanta Hawks and is expected to be waived in the coming days. The stretch provision would have added $9 million-plus per year to the Thunder's payroll for the next three years, dead money that could not be moved off the cap. Not only that, but OKC won't have to pay Melo a cent of his $28-million option.

Schroder, 24, has three years and $46.5 million remaining on his contract.

Atlanta drafted Trae Young to be its point guard of the future, so Schroder, owed almost $47 million over the next three seasons, was expendable.

Schroder was the Hawks' leading scorer last season, putting up a career-high in points per game at 19.4 and single game career-best of 41 points against the Utah Jazz. Over the last two years, Schroder's made 85.2 percent of his foul shots.

"Oklahoma City was able to accomplish two things by trading Carmelo Anthony to Atlanta, improve the roster while saving $73M this season".