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Source: Carmelo Anthony Will Terminate Knicks Contract Early And Test Free Agency - Yahoo Sports

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SACRAMENTO, CA - MARCH 26: Carmelo Anthony #7 of the New York Knicks in action against the Sacramento Kings at Sleep Train Arena on March 26, 2014 in Sacramento, California. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Ezra Shaw/Getty Images) | Ezra Shaw via Getty Images

As planned, All-Star forward Carmelo Anthony will file notice with the New York Knicks on Monday that he plans to exercise the early termination option on his contract and become a free agent on July 1, a league source told Yahoo Sports.

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