Adrian Wojnarowski of Yahoo Sports first broke the news, reporting Anthony's agreement with the Knicks will be in excess of $120 million over five years.
Anthony later confirmed his decision on his official website:
Sportando IT on Twitter provided the image from Anthony's website:
The New York Knicks tweeted Anthony's bold statement:
In his report, Wojnarowski mentions that Anthony could "still take less than the maximum $129 million the Knicks can give him."
As far as the reaction goes, Twitter is never lacking for opinions from fellow athletes and reporters about a major story.
For instance, Denver Broncos tight end Julius Thomas, who played college basketball at Portland State, apparently isn't a huge fan of the deal:
One of the top contenders for Melo's services, the Chicago Bulls, apparently knew which way the wind was blowing, as SportsCenter's Twitter account noted the team was already leaning towards Pau Gasol before this news broke.
Now that Anthony is off the market, the rest of the free-agent frenzy can officially begin, as noted by Bleacher Report NBA writer Ethan J. Skolnick:
It's amazing how the dynamic for this offseason has shifted in just 24 hours. For nearly two weeks, we kept waiting for anything to drop so all the rumors and speculation could end.
Now, with Anthony's decision to stay in New York and LeBron James telling Lee Jenkins of SI.com that he's going home, the action on the market has gone into fourth gear.
One of the main talking points for Anthony this offseason has been the amount of money he could make. Even though some fans are going to lament the high price tag, Sports Illustrated's Chris Mannix pointed out why the significant financial difference played a role:
It's easy for outsiders to say they'd definitely take less money, but until you're in that situation, no one knows what they would do. Plus, it's not Anthony's job to manage New York's financial situation. The team has a front office to handle those matters.
As far as the Phil Jackson angle is concerned, Frank Isola of the New York Daily News made a great point about the balance of power in the relationship between the legendary coach and superstar player:
You win in the NBA with superstars. Anthony, while he does have flaws, is an elite talent and someone a team can build around. The Knicks will get plenty of salary relief next year when Amar'e Stoudemire, Andrea Bargnani, Samuel Dalembert and Iman Shumpert come off the books.