Report: Thunder agree to trade Carmelo Anthony to Hawks for Dennis Schroder, Mike Muscala

FILE - This is an April 25, 2018, file photo showing Oklahoma City Thunder forward Carmelo Anthony (7) during Game 5 of an NBA basketball first-round playoff series against the Utah Jazz, in Oklahoma Cit. Carmelo Anthony has played his last game for the Oklahoma City Thunder, barring a massive change of plans. A person with knowledge of the negotiations said Friday, July 6, 2018, that Anthony and the Thunder have mutually decided that he will not be on the team next season, though it remains unclear how that departure will actually happen. The person spoke on condition of anonymity to The Associated Press because no buyout, trade or waiving has been executed. (AP Photo/Sue Ogrocki, File)

The Oklahoma City Thunder have agreed to trade Carmelo Anthony and a protected 2022 first-round pick to the Atlanta Hawks for point guard Dennis Schroder and Mike Muscala, according to ESPN's Adrian Wojnarowski.

Wojnarowski tweets Anthony likely will be waived by the Hawks clearing the way for him to join the team of his choice. The Houston Rockets are considered the team likely to land the 10-time All Star.

Anthony is set to receive his entire $27.9 million salary in a buyout and waiver with the Hawks.

With the Melo trade, Oklahoma City saves nearly $100 million in salary and luxury tax.

Oklahoma City considered trading Anthony or using the "stretch provision" on his nearly $28 million contract to terminate an overwhelming $107 million from the franchise's 2018-19 payroll and tax bill.

A stretch provision means a team can discard an underperforming player with a huge contract. If a team chooses to get rid of the player, they can buy him out and stretch out the contract for double the length of the deal plus one year.

Schroder's addition to the Thunder gives them another ball handler and playmaker. However, Wojnarowski reports the former Hawks guard could either stay with the team or be on the trading block again.

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