The Knicks’ dream vision of pairing Carmelo Anthony and LeBron James in the summer of 2015 took a big hit with Tuesday’s decision by King James to opt out of his Miami contract. The chances of James and Anthony pairing up elsewhere this summer also appear slim, while the dreamer could say it’s Step 2 toward the formation of a Big 4 on South Beach.

The Knicks had hoped James would opt in and become a free agent in 2015, when the Knicks would have major cap space. (James also held a player option for 2015-16.)

There is one scenario in which James, Dwyane Wade and Chris Bosh each opt out and sign one-year deals at lesser values to give Heat president Pat Riley more wiggle room to add a noteworthy player this offseason, but that seems far-fetched.

If Bosh and Wade also opt out, a foursome would have to split the pie four ways. Estimates have Anthony taking in $15 million as a starting salary, well below the $22.5 million max the Knicks can offer in Year 1. All told, a Miami package would come to $70 million less (over four years) than the Knicks’ possible five-year, $129 million deal. One other scenario has Bosh heading to his hometown Dallas Mavericks, leaving a spot for Anthony.