It stands to reason that Carmelo Anthony decided to stay in New York in order to boost his personal portfolio (and because the Knicks could offer him more money than any other team). This continues to manifest itself in off-the-court-endeavors.
In an interesting bit of news, Melo is reportedly partnering with Jay Z to buy New York’s legendary Hot 97 radio station, per All Hip-Hop and other media sources. For Jay, he has been turning heads with business ventures for quite some time, but something of this nature would be new for Carmelo. The two are said to be part of a larger investment group and have hired a team of lawyers. Lets see if this manifests itself.
According to a ROCK SOLID SOURCE – Shawn “Jay Z” Carter along with a group of investors that includes NY Knicks star Carmelo Anthony are currently NEGOTIATING TO BUY Hot 97 radio station. Talks are still early, but we’re told that both sides have HIRED LAWYERS and INVESTMENT BANKERS – and are serious in getting a deal done.