Carmelo Anthony's net worth is set to increase after signing with the Portland Trail Blazers. But how much is the All-Star receiving in his new deal?

Carmelo Anthony’s NBA comeback has officially started after signing with Portland. He will team up with Hassan Whiteside, Damian Lillard and CJ McCollum to help compete with the stacked Western Conference. The team needs some extra scoring punch and that is what they will get from Melo. 

Portland’s start has not been encouraging. The team is 12th in the standings with a 5-9 win-loss record. In the West Conference where a game can spell the difference between making the playoffs and being a lottery bound team, every single W counts.

Anthony played for the Houston Rockets last conference but he did not get to finish the season or even make the playoffs. He was unceremoniously cut from the roster without telling him exactly why. According to Cheat Sheet, the Rockets denied they waived him but sources close to the situation revealed he was cut after registering a bad game where he put up a horrendous 1-for-11 field goal conversion.

He has been practicing and keeping himself in shape until Portland opened the doors for him this season. In 10 games playing alongside James Harden and Chris Paul, Melo averaged 13 points last year.

The 34-year-old power forward signed a non-guaranteed $2.15 million deal, which means if he remains with the team until January, that is the only time he will get the full salary. If things will not go as planned, Melo is set for life with a career earnings of around $120 million, Celebrity Net Worth reported.  

Anthony's net worth is boosted by his business ventures and endorsement deals. He is representing Nike, Panini and Footlocker and invested in M7 Tech Partners in 2014, Forbes reported. His signature shoe line with Jordan brand is still a top seller among active players. 

At this stage of his career, Melo is not looking for money anymore. He knows his time is up. The league knows his days are numbered. He can still score and deliver but he needs a team that can take the scoring he brings and the lack of defense that comes with it. Anthony knows this is his last chance to prove he still can or to have a proper goodbye. 

After all is said and done, Anthony has done enough to be a Hall of Famer someday. The fans should appreciate him while he is still around. 

Carmelo Anthony Carmelo Anthony is looming as the only option for the Lakers unless they opt not to fill in that last roster spot. Carmelo Anthony #7 of the New York Knicks reacts after he is called for a foul in the first quarter against the Detroit Pistons at Madison Square Garden on March 27, 2017 in New York City. Photo: Getty Images/Elsa