According to Marc Burman's NY Post article, Carmelo is willing to take a paycut to stay with the Knicks if he likes their plan. [Only registered and activated users can see images. Click Here To Register...]
If this is true and Melo is actually willing to pass on the max contract and even take less money than he's making now, this shows his dedication to winning. It also obviously gives the Knicks a ton of flexibility to rebuild the roster.