Thursday , Mar , 27 , 2008 C.Y. Ellis

Carmelo Anthony Signs $60-Million Extension with Brand Jordan

Denver Nuggets forward Carmelo Anthony has signed a long-term extension with Nike’s Jordan Brand, his agent announced Wednesday, continuing a relationship that was set to end next year and signaling that Anthony has rehabilitated his image after a series of damaging incidents shortly after he entered the league.

Cal Andrews, vice president of BDA Sports Management, declined to give the terms of the extension but one source put it at just over $60 million for seven years. With royalties, the deal would make him the second highest-paid player behind LeBron James among Nike’s NBA clients, just ahead of Sonics rookie Kevin Durant. [ESPN]