It’s official: Carmelo Anthony is remaining with the Knicks.

Moments ago, Anthony posted this official statement entitled "My Heart, My City" on his personal website:

“A few years ago I dreamed of coming back to New York City, the place of my birth, and on February 23, 2011 that became a reality. This organization has supported me and in return, I want to stay and build here with this city and my team. At this pivotal juncture in my career, I owed it to myself and my family to explore all of the options available to me. Through it all, my heart never wavered.

During this journey I met with some quality organizations who have amazing talent and leadership. I thank them for their consideration, belief in my talent, and opportunity to imagine the possibilities.

I will always remember this chapter in my life. In the end, I am a New York Knick at heart. I am looking forward to continue my career in Orange & Blue and to work with Phil Jackson, a champion who builds championship teams. Madison Square Garden is the mecca of basketball and I am surrounded by the greatest fans in the world.”

According to Yahoo Sports’ Adrian Wojnarowski, Anthony will sign a five-year, $120 million-plus contract to remain with the Knicks. The overall value will be slightly below the $129 million max he could have received.

With their biggest piece secured, the Knicks and president Phil Jackson now have the cornerstone they need to begin rebuilding the team. The question remains whether they will try to make moves now using the expiring contracts of Andrea Bargnani and Amar’e Stoudemire or if they will simply let those run out and begin in earnest next summer.

One thing is for certain, though: no matter what they do, they’ll have their signature star.

RELATED: Carmelo Anthony Will Reportedly Resign With the New York Knicks

[via This Is Melo]