BREAKING NEWS:Jalen Brunson to Invest $50M from Contract Extension in Knicks Ownership Bid Alongside Carmelo Anthony”Stating That…

BREAKING NEWS:Jalen Brunson to Invest $50M from Contract Extension in Knicks Ownership Bid Alongside Carmelo Anthony”Stating That…

New York, NY – May 21, 2025 – In a move that has Knicks fans buzzing, Jalen Brunson, the heart of New York’s 2025 Eastern Conference Finals run, is reportedly set to invest $50 million from his $156.5 million contract extension in a bid to buy a minority ownership stake in the New York Knicks alongside franchise legend Carmelo Anthony. The news comes days after the Knicks’ dominant 119-81 Game 6 victory over the Boston Celtics, securing their first Conference Finals berth since 2000.
Sources close to Madison Square Garden say the duo, inspired by LeBron James’ $6.5 million stake in Liverpool FC, aims to deepen their legacy with the Knicks. “Jalen’s putting up serious money to show he’s New York for life,” an insider shared. “Melo wants to give back to the city that defined his career.” Anthony, who averaged 24.7 points per game during his 2011-2017 Knicks tenure, sees this as a chance to shape the franchise’s future.

The proposed deal has ignited social media, with fans dreaming of Anthony’s influence luring legends like Patrick Ewing to advisory roles. However, NBA ownership rules, which require rigorous vetting, could complicate the plan. Some insiders question whether Brunson’s $50 million, combined with Anthony’s reported $20 million contribution, will secure a significant stake in the $7 billion franchise.
As the Knicks prepare to face Cleveland in the Conference Finals, this blockbuster bid underscores Brunson and Anthony’s commitment to Knicks Nation. Fans are already chanting “Melo’s back!”—but will the NBA approve?