Jun 25, 2012, 7:07 PM EDT
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.
- Who is still out there: Top 10 free agents still on the market 1
- Donald Trump says he’s becoming a Mavericks fan after Mark Cuban’s comments 12
- Report: Michael Jordan shot down Boston draft-day effort to get Charlotte No. 9 pick 29
- Wisconsin State Assembly passes Bucks arena deal, clearing the way for Gov. Walker to sign 34
- Phil Jackson says Knicks wanted Goran Dragic at trade deadline. Because he’s such a triangle fit? 16
- Report: Cavaliers sign Matthew Dellavedova 10
- Heat trade Zoran Dragic, second-rounder to Celtics 11
- Report: Cavaliers trade Brendan Haywood, Mike Miller, two second-round picks to Portland 17