They say he will make an announcement on Thursday. David Aldridge and others are saying that sources close to Melo are saying that he believes that Phil Jackson can build a winning team around him with Amare Stoudemire and and Bargnani coming off the books in 2015 clearing up cap space. They say he may get an out clause in his contract at the 2 or 3 year mark to put the fire to the Knicks to continue to bring in winning talent. But surprisingly they say that the $30 Million more he would get with the Knicks over what he could get with another team isn't the main deciding factor. They say he absolutely loves living in NY.