NEW YORK (WFAN/AP) – Superstar forward Carmelo Anthony has reportedly told the Denver Nuggets that he will not sign a proposed 3-year, $65 million contract extension, according to the New York Daily News.

From the Daily News:

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“Anthony, who was born in Brooklyn, has told close associates that New York is his preferred destination, although the Knicks will face stiff competition from the Bulls, Magic and Jay-Z’s Nets. The Knicks are confident that they can sign Anthony outright next summer. According to a team source, Isiah Thomas has assured Garden chairman James Dolan that Anthony told him he intends to sign with the Knicks.”

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With a sign-and-trade deal, Anthony would get the money he may not be able to earn with a new collective bargaining agreement while the Nuggets land players to help them get on with life after ‘Melo.

He’s due to make about $17 million next season, after which he can opt out.

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The Associated Press contributed to this report