Carmelo Anthony will get large yearly salary advance

New York Knicks star Carmelo Anthony is set to receive large portions of his $124 million contract in advance payments, according to people familiar with the matter.

The seven-time All-Star will receive half of his $22.5 million salary this season early. His contract is set up the same way for future years too, meaning that he'll eventually garner a little over $62 million, half the value of his entire deal, through advance payments.