'Melo's return to the Knicks a done deal

'Melo's return to the Knicks a done deal
July 12, 2014, 2:00 pm
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(USA Today Sports Images)

New Knicks president Phil Jackson can rest easy. Carmelo Anthony is returning to New York.

After apparently some last-minute second thoughts about spurning The Big Apple for Chicago, Anthony is hours away from informing the Knicks he'll be back for a five-year, $120 million-plus max deal, Yahoo! Sports' Adrian Wojnarowski reports.  

According to Wojnarowski, the deal will be announced publicly on Sunday.

Even before LeBron James set the NBA free agency dominoes in motion, Anthony's imminent return to New York was first reported earlier in the week by Frank Isola of The New York Daily News.