Knicks Re-Sign J.R. Smith
JULY 16TH: Smith's deal is actually for a maximum of three years and $17.95MM, with the third year a player option, reports Howard Beck of the New York Times. Beck also adds, via Twitter, that Smith's agent Leon Rose says the shooting guard originally agreed to a four year pact, as was reported below, but then opted for a shorter deal in order to become a free agent sooner. If Smith declines his third-year option, he can become a free agent in 2015 with full Bird rights. As Beck notes in his story, it is peculiar that Knicks GM Glen Grunwald didn't make an effort to clarify this point in his conference call with the media today, especially considering the scrutiny he has been under since news broke of Smith's surgery.
JULY 11TH: The Knicks have made the re-signing of Smith official, according to the club's PR Twitter account.
JULY 10TH: According to cap expert Larry Coon (via Twitter), the Early Bird amount for the coming season is $5,565,000. Assuming Smith will receive the max contract allowable via the Early Bird exception, as had been previously reported, that means he'll earn $24,764,250 over the course of his contract.
The year-by-year amounts work out to about $5.57MM, $5.98MM, $6.4MM, and $6.82MM, respectively.
JULY 4TH: The Knicks have reached an agreement to re-sign J.R. Smith, agent Leon Rose tells Frank Isola of the New York Daily News (Twitter link). According to Marc Berman of the New York Post (via Twitter), Smith's new deal will be for four years and approximately $24.7MM, while Howard Beck of the New York Times tweets that the fourth year will be a player option.
As Beck notes (via Twitter), the exact amount Smith will earn won't be known until the NBA determines the league's average salary. Because the Knicks held the 27-year-old's Early Bird rights, they're permitted to offer him a contract that starts at 104.5% of the NBA's average salary, which is expected to be in the neighborhood of $5-5.5MM.
As recently as yesterday, a report suggested that Smith would have larger offers on the table from teams besides the Knicks, making it very possible that he'd leave New York. But with the Bucks closing in on a deal with O.J. Mayo, one leading suitor for Smith may have been out of the mix. Additionally, returning to the Knicks always seemed to be Smith's preference, and he showed last summer that he was willing to take a discount to remain in NYC.
Smith, the 2012/13 Sixth Man of the Year, was terrific off the bench for the Knicks last season, averaging 18.1 PPG and recording a 17.6 PER as the club's second scoring option after Carmelo Anthony.
Adrian Wojnarwoski of Yahoo! Sports reported yesterday that Smith, a CAA client, was nearing an agreement with the Knicks.
Spears On Sixers, Camby, Bobcats, Jordan
Marc J. Spears of Yahoo Sports relayed a string of news items for us on Tuesday night, which range from the Sixers never-ending coaching search to the Bobcats front office. Let's take a look at the latest from Spears:
- The Sixers have received permission to interview Miami assistant David Fizdale for their coaching vacancy, Spears writes. We know the team has interest in Ed Pinckney, Adrian Griffin and Melvin Hunt, as well as in-house candidate Michael Curry and C's assistant Jay Larranaga, but this is the first mention of Fizdale and Philly in more than a month.
- The Raptors are expected to buy out the final two years on the contract of Marcus Camby, who came over to Toronto in the Andrea Bargnani deal, tweets Spears, who lists the Clippers, Bulls and Rockets as teams with interest in the veteran center. Camby is still owed about $7.5MM through the 2014/15 season.
- The Bobcats have promoted Larry Jordan, the older brother of owner Michael Jordan, to team director of player personnel, Spears writes. Larry's previous job title was team director of special projects, and he now takes over a job that has been vacant for three years, according to Spears. He will report to his brother, as well as team president Rod Higgins and GM Rich Cho.
Western Notes: Larkin, Kings, Miller, Robinson
The Mavericks announced, via press release, that first-round pick Shane Larkin underwent surgery today to repair a broken ankle he suffered last week in summer league action. The recovery time for the surgery is approximately three months, putting Larkin's return right around the beginning of the regular season. The team is reportedly in talks with Devin Harris again after nixing their original agreement with the point guard last week.
Here's more out of the Western Conference:
- The Kings will not use the amnesty provision before tonight's deadline, tweets Jason Jones of the Sacramento Bee. Sacramento, one of seven teams that can still use the clause, will apparently retain the amnesty eligible John Salmons. The team holds a player option on Salmons for the 2014/15 season.
- In a separate tweet, Jones adds that the Kings are unlikely to make any additions that necessitate guaranteed money unless they're first able to unload money.
- Should Mike Miller clear the amnesty waiver process, the Clippers should have interest in the veteran sharpshooter, tweets Gary Washburn of the Boston Globe. Washburn cites Miller's time in Orlando under new Clips head coach Doc Rivers as the main reason for the match. Miller was waived by the Heat today, and teams with cap space now have 48 hours to claim him on waivers.
- The Nuggets have named Arturas Karnisovas as their assistant GM, according to a press release from the team issued earlier today. Karnisovas, a native Lithuanian, was most recently the director of scouting for the Rockets under Houston GM Daryl Morey.
- It's only been about a year since Thomas Robinson was selected No. 5 by the Kings, but the Blazers forward has already been traded twice. Robinson, drafted into a bad situation in Sacramento and then a casualty of the Dwight Howard signing in Houston, says he feels disrespected as a result of the trades and is determined to get his career on track in Portland, writes Ben Golliver of Blazer's Edge, who itemizes some quotes from Robinson from a couple of publications.
Eastern Notes: Curry, Henderson, Oden, Joseph
We've already had two amnesty provisions in the East announced tonight in Linas Kleiza and Drew Gooden. Let's round up the rest of the Eastern Conference news here on Tuesday night:
- The latest on the Sixers coaching search indicates that the team is no rush to make a decision, but that doesn't bother in-house candidate Michael Curry, writes Keith Pompey of the Philadelphia Inquirer. Curry, who conducted the team's pre-draft workouts and coached the Sixers summer league team, is expected to be interviewed and was told from the start by general manager Sam Hinkie that the coaching search would be a long process.
- The Bobcats and restricted free agent Gerald Henderson are having ongoing contract discussions about a return to Charlotte, but are still not close financially, tweets Marc J. Spears of Yahoo Sports. Just last week, we heard that the Bobcats and Henderson had reached a stalemate. It doesn't look like things have changed much, but the report that the sides are still communicating is good news for Bobcats fans.
- With the Heat now rumored to be the unofficial frontrunner to land Greg Oden, Ira Winderman of the South Florida Sun Sentinel wonders what type of message it would send if the team used the taxpayer mid-level exception, worth about $3.2MM, on the injury-prone Oden only days after re-signing Chris Andersen, who contributed to their second straight title run, for about half the price. Winderman also speculates that the Heat could try to move Joel Anthony in a cost-cutting move that would easier allow them to ink Oden (Twitter links).
- Kris Joseph, waived yesterday by the Celtics, will likely look to latch on with an NBA team in a training camp this fall. The Nets, with whom Joseph finished last season, are said to have interest in the forward, tweets Steve Bulpett of the Boston Herald, but are prohibited from signing him for a year after shipping him north in the deal to acquire Paul Pierce and Kevin Garnett.
Eastern Notes: Curry, Henderson, Oden, Joseph
We've already had two amnesty provisions in the East announced tonight in Linas Kleiza and Drew Gooden. Let's round up the rest of the Eastern Conference news here on Tuesday night:
- The latest on the Sixers coaching search indicates that the team is no rush to make a decision, but that doesn't bother in-house candidate Michael Curry, writes Keith Pompey of the Philadelphia Inquirer. Curry, who conducted the team's pre-draft workouts and coached the Sixers summer league team, is expected to be interviewed and was told from the start by general manager Sam Hinkie that the coaching search would be a long process.
- The Bobcats and restricted free agent Gerald Henderson are having ongoing contract discussions about a return to Charlotte, but are still not close financially, tweets Marc J. Spears of Yahoo Sports. Just last week, we heard that the Bobcats and Henderson had reached a stalemate. It doesn't look like things have changed much, but the report that the sides are still communicating is good news for Bobcats fans.
- With the Heat now rumored to be the unofficial frontrunner to land Greg Oden, Ira Winderman of the South Florida Sun Sentinel wonders what type of message it would send if the team used the taxpayer mid-level exception, worth about $3.2MM, on the injury-prone Oden only days after re-signing Chris Andersen, who contributed to their second straight title run, for about half the price. Winderman also speculates that the Heat could try to move Joel Anthony in a cost-cutting move that would easier allow them to ink Oden (Twitter links).
- Kris Joseph, waived yesterday by the Celtics, will likely look to latch on with an NBA team in a training camp this fall. The Nets, with whom Joseph finished last season, are said to have interest in the forward, tweets Steve Bulpett of the Boston Herald, but are prohibited from signing him for a year after shipping him north in the deal to acquire Paul Pierce and Kevin Garnett.
Eastern Notes: Curry, Henderson, Oden, Joseph
We've already had two amnesty provisions in the East announced tonight in Linas Kleiza and Drew Gooden. Let's round up the rest of the Eastern Conference news here on Tuesday night:
- The latest on the Sixers coaching search indicates that the team is no rush to make a decision, but that doesn't bother in-house candidate Michael Curry, writes Keith Pompey of the Philadelphia Inquirer. Curry, who conducted the team's pre-draft workouts and coached the Sixers summer league team, is expected to be interviewed and was told from the start by general manager Sam Hinkie that the coaching search would be a long process.
- The Bobcats and restricted free agent Gerald Henderson are having ongoing contract discussions about a return to Charlotte, but are still not close financially, tweets Marc J. Spears of Yahoo Sports. Just last week, we heard that the Bobcats and Henderson had reached a stalemate. It doesn't look like things have changed much, but the report that the sides are still communicating is good news for Bobcats fans.
- With the Heat now rumored to be the unofficial frontrunner to land Greg Oden, Ira Winderman of the South Florida Sun Sentinel wonders what type of message it would send if the team used the taxpayer mid-level exception, worth about $3.2MM, on the injury-prone Oden only days after re-signing Chris Andersen, who contributed to their second straight title run, for about half the price. Winderman also speculates that the Heat could try to move Joel Anthony in a cost-cutting move that would easier allow them to ink Oden (Twitter links).
- Kris Joseph, waived yesterday by the Celtics, will likely look to latch on with an NBA team in a training camp this fall. The Nets, with whom Joseph finished last season, are said to have interest in the forward, tweets Steve Bulpett of the Boston Herald, but are prohibited from signing him for a year after shipping him north in the deal to acquire Paul Pierce and Kevin Garnett.
Eastern Notes: Curry, Henderson, Oden, Joseph
We've already had two amnesty provisions in the East announced tonight in Linas Kleiza and Drew Gooden. Let's round up the rest of the Eastern Conference news here on Tuesday night:
- The latest on the Sixers coaching search indicates that the team is no rush to make a decision, but that doesn't bother in-house candidate Michael Curry, writes Keith Pompey of the Philadelphia Inquirer. Curry, who conducted the team's pre-draft workouts and coached the Sixers summer league team, is expected to be interviewed and was told from the start by general manager Sam Hinkie that the coaching search would be a long process.
- The Bobcats and restricted free agent Gerald Henderson are having ongoing contract discussions about a return to Charlotte, but are still not close financially, tweets Marc J. Spears of Yahoo Sports. Just last week, we heard that the Bobcats and Henderson had reached a stalemate. It doesn't look like things have changed much, but the report that the sides are still communicating is good news for Bobcats fans.
- With the Heat now rumored to be the unofficial frontrunner to land Greg Oden, Ira Winderman of the South Florida Sun Sentinel wonders what type of message it would send if the team used the taxpayer mid-level exception, worth about $3.2MM, on the injury-prone Oden only days after re-signing Chris Andersen, who contributed to their second straight title run, for about half the price. Winderman also speculates that the Heat could try to move Joel Anthony in a cost-cutting move that would easier allow them to ink Oden (Twitter links).
- Kris Joseph, waived yesterday by the Celtics, will likely look to latch on with an NBA team in a training camp this fall. The Nets, with whom Joseph finished last season, are said to have interest in the forward, tweets Steve Bulpett of the Boston Herald, but are prohibited from signing him for a year after shipping him north in the deal to acquire Paul Pierce and Kevin Garnett.
Eastern Notes: Curry, Henderson, Oden, Joseph
We've already had two amnesty provisions in the East announced tonight in Linas Kleiza and Drew Gooden. Let's round up the rest of the Eastern Conference news here on Tuesday night:
- The latest on the Sixers coaching search indicates that the team is no rush to make a decision, but that doesn't bother in-house candidate Michael Curry, writes Keith Pompey of the Philadelphia Inquirer. Curry, who conducted the team's pre-draft workouts and coached the Sixers summer league team, is expected to be interviewed and was told from the start by general manager Sam Hinkie that the coaching search would be a long process.
- The Bobcats and restricted free agent Gerald Henderson are having ongoing contract discussions about a return to Charlotte, but are still not close financially, tweets Marc J. Spears of Yahoo Sports. Just last week, we heard that the Bobcats and Henderson had reached a stalemate. It doesn't look like things have changed much, but the report that the sides are still communicating is good news for Bobcats fans.
- With the Heat now rumored to be the unofficial frontrunner to land Greg Oden, Ira Winderman of the South Florida Sun Sentinel wonders what type of message it would send if the team used the taxpayer mid-level exception, worth about $3.2MM, on the injury-prone Oden only days after re-signing Chris Andersen, who contributed to their second straight title run, for about half the price. Winderman also speculates that the Heat could try to move Joel Anthony in a cost-cutting move that would easier allow them to ink Oden (Twitter links).
- Kris Joseph, waived yesterday by the Celtics, will likely look to latch on with an NBA team in a training camp this fall. The Nets, with whom Joseph finished last season, are said to have interest in the forward, tweets Steve Bulpett of the Boston Herald, but are prohibited from signing him for a year after shipping him north in the deal to acquire Paul Pierce and Kevin Garnett.
Eastern Notes: Curry, Henderson, Oden, Joseph
We've already had two amnesty provisions in the East announced tonight in Linas Kleiza and Drew Gooden. Let's round up the rest of the Eastern Conference news here on Tuesday night:
- The latest on the Sixers coaching search indicates that the team is no rush to make a decision, but that doesn't bother in-house candidate Michael Curry, writes Keith Pompey of the Philadelphia Inquirer. Curry, who conducted the team's pre-draft workouts and coached the Sixers summer league team, is expected to be interviewed and was told from the start by general manager Sam Hinkie that the coaching search would be a long process.
- The Bobcats and restricted free agent Gerald Henderson are having ongoing contract discussions about a return to Charlotte, but are still not close financially, tweets Marc J. Spears of Yahoo Sports. Just last week, we heard that the Bobcats and Henderson had reached a stalemate. It doesn't look like things have changed much, but the report that the sides are still communicating is good news for Bobcats fans.
- With the Heat now rumored to be the unofficial frontrunner to land Greg Oden, Ira Winderman of the South Florida Sun Sentinel wonders what type of message it would send if the team used the taxpayer mid-level exception, worth about $3.2MM, on the injury-prone Oden only days after re-signing Chris Andersen, who contributed to their second straight title run, for about half the price. Winderman also speculates that the Heat could try to move Joel Anthony in a cost-cutting move that would easier allow them to ink Oden (Twitter links).
- Kris Joseph, waived yesterday by the Celtics, will likely look to latch on with an NBA team in a training camp this fall. The Nets, with whom Joseph finished last season, are said to have interest in the forward, tweets Steve Bulpett of the Boston Herald, but are prohibited from signing him for a year after shipping him north in the deal to acquire Paul Pierce and Kevin Garnett.
Eastern Notes: Curry, Henderson, Oden, Joseph
We've already had two amnesty provisions in the East announced tonight in Linas Kleiza and Drew Gooden. Let's round up the rest of the Eastern Conference news here on Tuesday night:
- The latest on the Sixers coaching search indicates that the team is no rush to make a decision, but that doesn't bother in-house candidate Michael Curry, writes Keith Pompey of the Philadelphia Inquirer. Curry, who conducted the team's pre-draft workouts and coached the Sixers summer league team, is expected to be interviewed and was told from the start by general manager Sam Hinkie that the coaching search would be a long process.
- The Bobcats and restricted free agent Gerald Henderson are having ongoing contract discussions about a return to Charlotte, but are still not close financially, tweets Marc J. Spears of Yahoo Sports. Just last week, we heard that the Bobcats and Henderson had reached a stalemate. It doesn't look like things have changed much, but the report that the sides are still communicating is good news for Bobcats fans.
- With the Heat now rumored to be the unofficial frontrunner to land Greg Oden, Ira Winderman of the South Florida Sun Sentinel wonders what type of message it would send if the team used the taxpayer mid-level exception, worth about $3.2MM, on the injury-prone Oden only days after re-signing Chris Andersen, who contributed to their second straight title run, for about half the price. Winderman also speculates that the Heat could try to move Joel Anthony in a cost-cutting move that would easier allow them to ink Oden (Twitter links).
- Kris Joseph, waived yesterday by the Celtics, will likely look to latch on with an NBA team in a training camp this fall. The Nets, with whom Joseph finished last season, are said to have interest in the forward, tweets Steve Bulpett of the Boston Herald, but are prohibited from signing him for a year after shipping him north in the deal to acquire Paul Pierce and Kevin Garnett.