HOUSTON (CBSDFW.COM/AP) — Carmelo Anthony signed a one-year, $2.4 million deal with the Houston Rockets on Monday.

Anthony was traded from the Oklahoma City Thunder to the Atlanta Hawks last month before the Hawks released him.

Carmelo Anthony attends a practice session at the 2018 USA Basketball Men’s National Team minicamp at the Mendenhall Center at UNLV on July 27, 2018 in Las Vegas, Nevada. (Photo by Ethan Miller/Getty Images)

Houston general manager announced the signing and the Rockets posted a picture on social media of Anthony signing his contract.

The 34-year-old joins a team led by MVP James Harden and star point guard Chris Paul. The Rockets hope the addition of Anthony will help them contend for their first title since 1995. They lost to the Golden State Warriors in the Western Conference finals last season.

Anthony will get a fresh start in Houston after spending last season with the Thunder, with whom he averaged a career-low 16.2 points in 78 games. The third overall pick in the 2003 draft has averaged 24.1 points, 6.5 rebounds and 3 assists in a 15-year career that also included stints with the Denver Nuggets and the New York Knicks.

The 6-foot-8 Anthony is a 10-time All-Star and has won three gold medals in the Olympics. He is USA Basketball’s all-time leading scorer and rebounder.

Anthony has averaged more than 20 points every year of his career except last season and led the NBA in scoring in 2012-13, when he averaged 28.7 points a game.

The Rockets won the Midwest Division in the Western Conference in 2017-18 with a 65-17 record.

(© Copyright 2018 CBS Broadcasting Inc. All Rights Reserved. The Associated Press contributed to this report.)