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J.R. Smith Nearing Deal With Knicks

9:28pm: Frank Isola of the New York Daily News writes that the proposed deal from the Knicks is for four years and worth $24MM. 

7:30pm: Earl Smith, J.R.'s father, told several reporters, including ESPN's Ian Begley, that they have a "couple" offers on the table, and that nothing will be signed until Friday (Twitter links here).  The Smiths are hoping for a better offer, and none of the ones on the table have bowled them over. 

7:02pm: Unrestricted free agent J.R. Smith is nearing an agreement to re-sign with the Knicks, tweets Adrian Wojnarowski of Yahoo Sports.  Frank Isola of the New York Daily News tweets that nothing is official yet, but the two sides are finalizing a deal.  Wojnarowski adds, again via Twitter, that the amount of years and options in the deal are still being discussed. 

Today alone, we've seen several reports indicate Smith would be difficult for the Knicks to retain.  Chris Copeland and Pablo Prigioni are also free agents that the team may be interested in bringing back. 

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3 thoughts on “J.R. Smith Nearing Deal With Knicks

  1. levendis

    thought the highest they could offer was 5 mill a year?

    • FlaveFlava

      maybe less this year and more in the 3rd or 4th year? I’m not really sure either.

    • HoopsRumors

      The exact amount they can offer hasn’t been determined yet, but we should know it within a few days. It’ll probably be between $5-5.5MM. On top of that, he can get annual 7.5% raises, so four years and $24MM sounds about right.

      — Luke

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