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Report: J.R. Smith will opt out, but plans to remain a Knick

Jun 25, 2012, 7:07 PM EDT

New York Knicks guard J.R. Smith attempts to dunk the ball in their NBA basketball game against the Portland Trail Blazers in New York Reuters

This fits in perfectly with the story line — J.R. Smith never wanted to leave the Knicks, but he wanted to get paid as much as he could

So it leads to this, as tweeted by Howard Beck of the New York Times:

JR Smith will decline Knicks option but intends to re-sign for longer term w/NY, source says.

He qualifies as non-Bird, which means he can get 20% raise and multiyear. Won’t need MLE.

Smith made $2.5 million (pro-rated) last year, so the Knicks can start him at $3 million next season and go however many years they agree to (up to four).

Smith will need all the money he can get if he keeps dating Rihanna.

This will not impact their ability to re-sign Jeremy Lin or Steve Novak, or to use some of their mid-level exception (likely only up to $3 million of it due to the fear of imposing a hard cap) to try and lure in a free agent.

What it means is that the Knicks you saw in the playoffs is the Knicks you will see come next season, save for one more free agent and a couple small-time role players. You can decide for yourself how far those kind of improvements take them.

  1. Mr. Wright 212 - Jun 25, 2012 at 7:13 PM

    Yeah, he’s going nowhere. We have a chance to build something for these next 3-5 years. Especially after the 3rd year, when Melo will still “only” be 30.

  2. finsfan71 - Jun 25, 2012 at 7:56 PM

    The Knicks are garbage and have been/will be for a long time. Exactly what there arrogant fans deserve.

    • knightrider1755 - Jun 25, 2012 at 9:45 PM

      Wrong. The Knicks have only been garbage for 40 years.

      • drobstad - Jun 26, 2012 at 3:16 PM

        Yea Yankees and Giants are garbage too… Oh wait my bad… NY has WAY more championships than any other city and that’s why everybody hates…
        Knicks are well on their way to being a big player in the east… With Howard soon to be gone and Rose hurt they immediately become the 3rd best team in the east and that’s before they add a veteran PG with their 5 million mid level.
        But this comment came from “Fins Fan” so I wouldn’t expect some1 from Florida to really know what a good sports city is all about.

  3. tilllman40 - Jun 25, 2012 at 8:05 PM

    @finsfan71 nice comment coming from a dolphin fan who’s fans are amazing lol . Let me guess u got out of ur moms basement to hop on heats bandwagon? Tool

  4. thetooloftools - Jun 25, 2012 at 8:33 PM

    What jersey is he wearing? One of those ethnic tilted sales magnets for minorities?

    • scalfor3 - Jun 26, 2012 at 12:58 AM

      well your name is accurate…

  5. badintent - Jun 26, 2012 at 12:29 AM

    J.R. will end up in jail for throwing bottles at Drake and Chris Brown at a Rihanna concert. In other news, his mom will share a cell with him on machete weapon charges for attacking China town restaurant patrons.

  6. 700levelvet - Jun 26, 2012 at 10:14 AM

    LOL

  7. cantonbound13 - Jun 26, 2012 at 2:19 PM

    JR is going to be the 6th man next season, book it!

  8. camnellum12 - Jun 26, 2012 at 3:15 PM

    Damn, this would probably be no problem if he had just gone to UNC. The skill set is there, he just needed focus and a foundation, tragic.

  9. kev86 - Jun 26, 2012 at 3:32 PM

    Knicks haven’t been garbage for 40 years. Jordan was killer. Tough to beat. Win or lose, nothing beats playing at MSG.

  10. imforbigblue - Jun 27, 2012 at 8:31 AM

    Wow that’s sad that a player has to be hurt on one team and another player has to leave his team for your sorry ass team to become 3rd best lol. The Knicks won’t do jack next year just like this year but over pay its players lol

  11. dysraw1 - Jun 28, 2012 at 2:09 PM

    personally id sign & trade JR. not that i don’t like his game i just think in order to improve he may have to 1 of the pieces involved.

  12. dysraw1 - Jun 28, 2012 at 2:12 PM

    yo the Knick were not the worst team to watch these last 40

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