FRIDAY, 7:28pm: The deal has been officially announced by Knicks PR.
7:37pm: Smith’s agent, Mark Bartelstein, tells Ian Begley of ESPNNewYork.com that the deal will actually be worth the team’s taxpayer mid-level exception of $3.27MM (Twitter link).
TUESDAY, 6:53pm: Jason Smith has signed a one-year contract with the Knicks worth $3.3MM, reports Shams Charania of RealGM. Smith’s representation – Priority Sports – acknowledged the deal on Twitter. New York inquired about the free agent big man earlier this month; the Pelicans renounced their rights to Smith last week.
In 31 games played and 27 starts last season, Smith averaged 9.7 PPG, 5.8 RPG, and nearly one block per game in 26.8 MPG for New Orleans. After hurting his knee in mid-January, Smith underwent knee surgery in February and did not play for the rest of the season.