Apr 24, 2013, 2:01 PM EST
Strike when the iron is hot. It’s not just advice for blacksmiths; it applies to NBA free agency as well.
The iron is never going to be hotter for J.R. Smith, the freshly minted NBA Sixth Man of the Year. He averaged 18.9 points per game and was one of the key reasons the Knicks are considered a threat in the playoffs.
The man wants to get paid, and his option with the Knicks for next season will pay him a below market $2.9 million. So as expected he will test free agency, reports Chris Sheridan at SheridanHoops.com.
Smith has a player option for next season, and a source close to Smith tells SheridanHoops.com that it is “very, very likely” that he will opt out of his contract and become an unrestricted free agent this summer.
If you’re thinking the Knicks will just pay whatever to re-sign him, welcome to the world of the new NBA CBA.
The Knicks are over the tax apron but have the “early Bird” rights to re-sign Smith, which means how much they can offer is limited. Sheridan explains it well.
An incumbent team (the Knicks in this case) can re-sign an early Bird free agent for the greater of either: (A) 175 percent of his salary under the terms of his immediately expired agreement, or (B) 104.5 percent of whatever the league’s average player salary is for the first year of the new deal….
Because Smith would be an early Bird free agent if he opts out this summer, under the first calculation, the Knicks can offer him a starting salary of $4.9 million by using the 175 percent rule….
But for all intents and purposes, we can safely assume that the average player salary will end up being around $5.34 million. Under the second calculation, the Knicks could give Smith a starting salary of $5.58 million.
What that means is the most the Knicks can offer is four years, $24.8 million (after raises). A team under the salary cap — say the Dallas Mavericks or Houston Rockets or a number of others — can come in over the top and offer more.
Not that any of them will, and it’s not to say Smith wants to jump ship. He likes New York. But the possibility is there and it’s tough to walk away from money on the table.
Nov 26, 2014, 2:00 AM EST
The Nuggets still won.
Nov 26, 2014, 1:15 AM EST
This rivalry is the best thing about the NBA this season.
Nov 26, 2014, 12:30 AM EST
The Lakers get a little flexibility to add a player.
Nov 25, 2014, 11:45 PM EST
Business as usual for Steph.
Nov 25, 2014, 10:50 PM EST
The latest setback for the former MVP.
Nov 25, 2014, 10:15 PM EST
Faried put the hammer down.
Nov 25, 2014, 9:30 PM EST
They are that bad because of their defense.
Nov 25, 2014, 8:45 PM EST
What is the deal with that shot?
Nov 25, 2014, 7:50 PM EST
Understanding what the team is doing and paying good money for tickets are different things.
Nov 25, 2014, 6:59 PM EST
Philadelphia’s defense really tanked this play
Nov 25, 2014, 6:15 PM EST
This is a sign of how thin the front line pickings are for teams wanting depth.
Marreese Speights on Kendrick Perkins: ‘He thinks he’s a tough guy, but at the end of the day, his game is terrible’
Nov 25, 2014, 5:30 PM EST
Thunder center doesn’t take criticism without dishing some of his own
Nov 25, 2014, 4:45 PM EST
I’m impressed… and a little jealous.
Nov 25, 2014, 3:59 PM EST
This has been an issue throughout his career.
Nov 25, 2014, 3:20 PM EST
He will be back before the trade deadline, not that he’s that easy to move.
Nov 25, 2014, 2:45 PM EST
Anthony was forced out of Monday’s game against the Rockets with back spasms.
Nov 25, 2014, 2:00 PM EST
Pierce loves his fans — especially those from his days with the Celtics.
Nov 25, 2014, 1:15 PM EST
Can you blame him?
Nov 25, 2014, 12:30 PM EST
Steve Nash also posts a message.
Nov 25, 2014, 11:45 AM EST
As a first-year NBA head coach, Blatt will face plenty of scrutiny as Cleveland underachieves.
- Kobe Bryant: “We’re not a 3-11 team. We’re not.” 15
- Tom Thibodeau is getting tired of answering Derrick Rose questions 14
- Veteran NBA coach: ‘I think (Cavaliers head coach David Blatt) is struggling a bit’ 28
- PBT’s Monday night NBA Winners/Losers: That looks more like the Cavaliers we expected 12
- Carmelo Anthony exits Knicks-Rockets game with apparent back injury 9
- Russell Westbrook and Kevin Durant progressing in rehab, Westbrook could play Friday 6
- Lakers forward Xavier Henry ruptured Achilles in practice, out for season 23
- PBT Extra: Our Thanksgiving week turkeys, starting with the 76ers 2