Apr 24, 2013, 2:01 PM EDT
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.
Aug 27, 2014, 9:22 AM EDT
Clippers could sign Chris Douglas-Roberts, Ekpe Udoh with freed cap space
Charlotte offers to spend $33.5 million to upgrade Hornets’ arena. Is that enough to get an All-Star Game?
Aug 27, 2014, 8:44 AM EDT
Reportedly 10 teams made bids so this helps
Aug 27, 2014, 8:00 AM EDT
Davis had 18 points, nine rebounds, five blocks and three steals in 20 minutes of work.
Aug 27, 2014, 12:25 AM EDT
The point guards made this blowout more fun to watch.
Aug 26, 2014, 11:30 PM EDT
I don’t see what could possibly go wrong here.
Aug 26, 2014, 10:30 PM EDT
Milwaukee’s trade with Clippers cleared a roster spot
Aug 26, 2014, 9:30 PM EDT
Aug 26, 2014, 8:35 PM EDT
Former Cavaliers center, 39, has been retired three years
Aug 26, 2014, 7:40 PM EDT
Glen Taylor also questions whether Cleveland should offer Love five-year contract
Aug 26, 2014, 6:45 PM EDT
Murry receives $250,000 guarantee
Aug 26, 2014, 5:55 PM EDT
Derrick Rose struggles off the bench against Slovenia
Aug 26, 2014, 5:23 PM EDT
Oklahoma City will create trade exception, and Philadelphia will waive Thabeet
Aug 26, 2014, 4:55 PM EDT
Kevin Love: ‘My decision’ swayed by LeBron James calling just after choosing Cavaliers in free agency
Aug 26, 2014, 4:20 PM EDT
Number of camera positions behind baseline to be halved
Aug 26, 2014, 3:27 PM EDT
Clippers limit their present and future, and the Bucks gain an easy asset
Aug 26, 2014, 2:28 PM EDT
Cleveland not offering assets as of yet, so Denver’s not biting.
Aug 26, 2014, 1:51 PM EDT
Career three-pointers made is the only category where this statement begins to make any sense.
Aug 26, 2014, 1:09 PM EDT
Spurs, Bulls, Thunder next on the list.
Aug 26, 2014, 12:27 PM EDT
Brother of the Bucks’ Giannis turned down a more lucrative offer to play overseas.
Aug 26, 2014, 11:45 AM EDT
Well, she looks better shooting free throws than he does anyway.
- Timberwolves owner: Kevin Love might regret trade because he’ll be third banana with Cavaliers 38
- Anthony Davis and Kenneth Faried lead Team USA in final World Cup tune-up 16
- Thunder trade Hasheem Thabeet to 76ers 33
- From late-arriving to a LeBron James favorite, Kevin Love comes full circle 14
- Clippers trade Jared Dudley and first rounder to Bucks for Carlos Delfino and Miroslav Raduljica 22
- Report: Cavaliers trying to trade for Nuggets’ Timofey Mozgov 25
- Cavaliers, with LeBron James and Kevin Love, favored by oddsmakers to win 2015 NBA title 29
- Scout says Carmelo Anthony can be good triangle fit — if he moves the ball 20