Tuesday, June 26th, 2012 at 10:25 am  |  6 responses

JR Smith Likely to Re-Sign With New York Knicks

JR Smith is looking for a big payday this summer, and according to several published reports, the Knicks are willing to provide just that. Per the NY Times: “J.R. Smith will decline his Knicks contract option Tuesday, but with the intent of re-signing under more lucrative terms, according to a person with knowledge of the situation. Smith’s option for next season is worth $2.4 million. As a free agent, he would be eligible for a 20 percent raise, to about $2.8 million, and he could earn up to $12.2 million over four years (including 4.5 percent raises). Alternatively, Smith could re-sign for one year, earn his ‘early-Bird’ rights and qualify for a salary of at least $5.3 million in 2013-14. Either way, opting out makes financial sense for Smith, a 26-year-old swingman. Under N.B.A. rules, Smith will qualify for a ‘non-Bird’ free agent contract. Therefore, the Knicks will not need to use their midlevel exception to re-sign him unless he demands more than $2.8 million. Nor will re-signing Smith have any effect on the Knicks’ ability to re-sign Jeremy Lin, Steve Novak or Landry Fields.”

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  • http://www.slaminline.com spit hot fiyah

    the good thing with signing JR is that u get a two for one deal, a family member/security guard that can throw down with the fans if they get out of hand

  • Sizzle

    ESPN says $$ is the biggest factor for Smith, so re-signing with NY isn’t a guarantee, even if his pops is pushing for it..

  • http://www.Gil1906.com Pve_2

    I think JR played great defense in his time with the Knicks…he just needs to know that he should never handle the ball.

  • MeloMan15

    he actually played pretty well. I think once everyone is healthy and roles are set in place he can excel

  • http://www.slamonline.com danfields

    i really like how our offseason is developing so far

  • MikeC.

    Smith with a long-term guaranteed contract makes me a little nervous. He’s had some character issues in the past, but I’m inclined to give him a pass and hope some of his foolishness in the past was just youthful immaturity. I was a total d!ckhead in my younger days when I knew everything. Knicks need another quality 2 guard though. Smith on a short leash is a good thing. No other 2 guard means he can go 2/17 and not worry about it. When he heats up, it’s like watching NBA Jam, with the fire and everythinh.