Because if he does, how much does that extra year/30 mil really matter?

Now of course it matters quite a bit if he would choose
not to opt out because if he did no one is paying him that
kind of money for one season, especially that late in his career.

But if he signs another 5 yr deal 3 years from now he would
be getting more money later in his career on that deal at 33
than he would signing a new deal at 35, so how much more is
it really?

But maybe he trusts the Knicks (Phil) and likes living/playing there and its not just the money.

As much as I'd personally like to see him playing for
the Bulls it might not be the best idea given the big
question mark that is Derrick Rose's knees. I still
wouldn't be at all mad if he went there though. IMO he
doesn't go anywhere unless he can team up with LeBron,
which I don't see happening even though it would be the
best option for them both.

Hopefully both Melo and Bron use player options and team up
in Philly with all the budding superstars on that roster in
3 yrs.

At least that would be my wish. I know Joel is optimistic.