ESPN New York is reporting that J.R. Smith is staying with the New York Knicks:
“The New York Knicks and free agent J.R. Smith have agreed to terms on a four-year, $24.7 million contract, the guard’s agent, Leon Rose, said Thursday morning.
The contract is the maximum amount the Knicks can give Smith via the early Bird rights, which allows a team to offer the average player salary with standard annual raises of 7.5 percent. The league’s financial figures for 2013-14 will be released next week, but the average salary is projected at approximately $5.5 million.”
I previously reported on here that J.R. Smith might be heading to the Milwaukee Bucks on a deal worth as much as $7M per year, but that ultimately never materialized. J.R. Smith is the reigning 6th man of the year, and was second on the Knicks in scoring last season (18.1 points per game). This is definitely a really good move for the Knicks, especially since they are getting him at such a good price. The fact that they are getting him so cheap is somewhat of a surprise given how well he played last season. Luckily for the Knicks, J.R. Smith has enjoyed being a Knick so much that he is willing to take a pay cut to stay with the team.