The Cavaliers will have a little more time to unload J.R. Smith‘s contract, tweets Joe Vardon of The Athletic. The veteran guard has agreed to move his guarantee date for next season from June 30 to July 15, with an option to push it all the way to August 1, according to ESPN’s Brian Windhorst (Twitter link). As part of the agreement, Smith’s guaranteed money will rise from $3.9MM to $4.4MM.
Smith is due to make $15.68MM in the final year of his deal, but the smaller guarantee should make him attractive for a team looking to reduce salary. The Cavaliers have no interest in keeping Smith after he played just 11 games last season before being sent away from the team. Cleveland reportedly received offers on draft night, but nothing good enough to get a deal done.
Smith’s trade value can be counted at the full $15.68MM because he signed his contract before that rule was changed in the latest collective bargaining agreement. The Cavaliers will now have extra time to search for a deal as teams get a better read on their cap situations once the free agent frenzy dies down.
Smith, who will turn 34 in September, was a valuable player for Cleveland during the most recent LeBron James era, both as a clutch shooter and a defender. During Smith’s last full season in 2017/18, he averaged 8.3 points per game and was a .375 shooter from 3-point range.