Skip to content

Report we all expected: J.R. Smith to test free agency

Apr 24, 2013, 2:01 PM EST

John Starks, J.R. Smith AP

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.

Latest Posts
  1. Brandon Jennings leaves game in wheelchair, may have torn Achilles

    Jan 25, 2015, 1:01 AM EST

    Brandon Jennings Brandon Jennings

    Can we just get through the rest of this season without any more major NBA injuries, please?

  2. Report: Celtics may keep Tayshaun Prince if he’s not traded by the deadline

    Jan 24, 2015, 11:00 PM EST

    Boston Celtics v Portland Trail Blazers Getty Images

    Brad Stevens reportedly likes Prince, so a buyout may not be in the cards.

  3. Derek Fisher didn’t realize motivating his players would be such a big part of being an NBA head coach

    Jan 24, 2015, 9:30 PM EST

    Derek Fisher AP

    Fisher played 18 years, and claims that his motivation always came from within.

  4. After being fined for obscene gesture, Dwyane Wade asks NBA to improve on ways it protects players from fans

    Jan 24, 2015, 8:00 PM EST

    Dwyane Wade AP

    Wade was fined for flipping off some fans who he believed crossed the line.

  5. Dwight Howard leaves arena in walking boot after suffering ankle injury against Suns

    Jan 24, 2015, 5:00 PM EST

    Dwight Howard AP

    Howard left the game after just eight minutes and did not return.

  6. LaMarcus Aldridge decides to delay surgery, will return for Blazers Saturday vs. Wizards

    Jan 24, 2015, 3:17 PM EST

    Sacramento Kings v Portland Trail Blazers Getty Images

    Aldridge has a tear in his left thumb, and was originally set to be sidelined 6-8 weeks.

  7. Report: Cavaliers players say they ‘had lost faith’ due to lack of depth and roster construction

    Jan 24, 2015, 11:00 AM EST

    Cleveland Cavaliers v Golden State Warriors Getty Images

    Before recent trades, players believed the team would go no further than the second round of the playoffs.

  8. James Harden hits step-back game winner to beat Suns (VIDEO)

    Jan 24, 2015, 8:00 AM EST

    James Harden, Isaiah Thomas AP

    That is as good a step-back jumper as you will see.

  9. Kobe Bryant will be back next season, he can’t resist the challenge

    Jan 24, 2015, 2:00 AM EST

    Los Angeles Lakers v Denver Nuggets Getty Images

    There are $25 million Kobe will be back next season.

  10. If injury is serious, it would go against history for Kobe to be productive again

    Jan 24, 2015, 12:16 AM EST

    Los Angeles Lakers v New Orleans Pelicans Getty Images

    Lakers star could also above and beyond and chase Michael Jordan’s comeback

  11. Kevin Durant: ‘I don’t need the All-Star vote to validate me as a player’

    Jan 23, 2015, 10:15 PM EST

    Kevin Durant AP

    It’s a good thing, because he received fewer votes than Marcin Gortat.

  12. Mavericks coach Rick Carlisle: ‘Monta Ellis deserves to be an All-Star’

    Jan 23, 2015, 9:15 PM EST

    Brooklyn Nets v Dallas Mavericks Getty Images

    Maybe, but the field is simply too crowded in the West for Ellis to have a reasonable shot.

  13. Photographer sues Nike over use of iconic Michael Jordan dunk image

    Jan 23, 2015, 8:15 PM EST

    Michael Jordan dunk Getty Images

    I’m no expert in copyright law, but this strikes me as the kind of lawsuit that gets settled out of court.

  14. Rumor: Tobias Harris “wants to win a championship with the Knicks’’

    Jan 23, 2015, 7:15 PM EST

    Tobias Harris AP

    So he plans to play for the Knicks until 2050?

Featured video

Stephen Curry leads NBA MVP race mid-season
Top 10 NBA Player Searches
  1. K. Bryant (7928)
  2. L. Aldridge (7545)
  3. D. Wade (7421)
  4. A. Davis (6593)
  5. J. Noah (6248)
  1. R. Rubio (6120)
  2. K. Martin (6073)
  3. J. Holiday (5917)
  4. H. Whiteside (5828)
  5. C. Anthony (5714)