The New York Daily News is reporting that Carmelo Anthony will stay with the Knicks for a max contract. (Christian Petersen/Getty Images)

How’s this for a hedge? The New York Daily News is reporting that Carmelo Anthony will stay in New York for a maximum contract worth $129 million over five years —  with one massive caveat:

“Barring a last-second change of heart, the free agent forward will announce his intention to remain in New York on Thursday. ‘He believes in Phil (Jackson),’ a source said.”

If Anthony were to leave, the maximum contract available would be a four-year, $97 million deal, which the Lakers were reportedly willing to offer. The Chicago Bulls were also pursuing a sign-and-trade for the 30-year-old forward.