Skip to content

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

Apr 24, 2013, 2:01 PM EDT

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. Watch Karl-Anthony Towns highlights from Summer League

    Jul 31, 2015, 11:08 PM EDT

    cd0ymzcznguwzdbhnduynddiytjhm2yyzthlmtjjotqwyyznpwu3mmzjztazntu1ogzhywnkzju2otmyzgnloty5otbl1 AP

    He looks like a guy who can live up to the No. 1 pick billing.

  2. Pelicans waive Toney Douglas, still await Norris Cole decision

    Jul 31, 2015, 10:26 PM EDT

    Utah Jazz v New Orleans Pelicans Getty Images

    Norris Cole is still looking for a bigger payday.

  3. Pacers’ Jordan Hill arrested for reckless driving, clocked at 107 mph

    Jul 31, 2015, 7:15 PM EDT

    Phoenix Suns v Los Angeles Lakers Getty Images

    Hill told the police he was “in a hurry.” I guess so.

  4. Warriors trade Gerald Wallace to Philadelphia in exchange for Jason Thompson

    Jul 31, 2015, 7:01 PM EDT

    Dallas Mavericks v Sacramento Kings Getty Images

    Neither guy is going to make a difference on the court for these teams. This was just moving some money around.

  5. Trail Blazers guarantee Allen Crabbe’s contract for next season

    Jul 31, 2015, 5:46 PM EDT

    LV Celtics v Trailblazers Getty Images

    Crabbe looked good in Las Vegas at Summer League.

  6. Report: Hedo Turkoglu wants to play anther NBA season, Kings possiblity

    Jul 31, 2015, 4:59 PM EDT

    Washington Wizards v Los Angeles Clippers Getty Images

    The Kings don’t really have the roster spot for him.

  7. Grizzlies’ D-League affiliate hires female assistant coach

    Jul 31, 2015, 4:11 PM EDT

    NBA.com NBA.com

    Iowa Energy add Nicki Gross to coaching staff

  8. Report: Joe Johnson “pumped” that Deron Williams bought out by Nets

    Jul 31, 2015, 12:52 PM EDT

    joe johnson nets sleeved alternates

    Johnson makes $24.9 million, but this is the last year of his contract.

  9. Report: Knicks to sign Thanasis Antetokounmpo

    Jul 31, 2015, 12:47 PM EDT

    20141220 Westchester Knicks at Maine Red Claws Getty Images

    New York drafted Giannis Antetokounmpo’s brother last year

  10. Report: 76ers second-rounder J.P. Tokoto won’t sign with Philadelphia

    Jul 31, 2015, 10:23 AM EDT

    Houston Rockets v Philadelphia 76ers Getty Images

    No. 58 pick will reportedly head overseas or to D-League

  11. Knicks waive Ricky Ledo

    Jul 31, 2015, 9:21 AM EDT

    Ricky Ledo AP

    Guard didn’t show much in short stint in New York

  12. NBA lands in Africa trying to put down roots, which is all about youth programs, infrastructure

    Jul 31, 2015, 8:35 AM EDT

    cd0ymzcznguwzdbhnduynddiytjhm2yyzthlmtjjotqwyyznptu5nzjmmwjlotdhnzrhn2iwytixngrhnwi2yzqwyjzk AP

    “One thing to come out of this will be more camps, more clinics, more games, more youth competition, and from that you get into infrastructure, and building more courts.” —Masai Ujiri, Raptors GM and native Nigerian

  13. Mark Cuban says trading for Rajon Rondo was tough call, “came down to a coin flip”

    Jul 31, 2015, 7:59 AM EDT

    Houston Rockets v Dallas Mavericks Getty Images

    “And the coin flip was as much about, is there going to be anything else that we could do? Because we knew we had to do something.” —Mark Cuban on trading for Rajon Rondo.

  14. Pau Gasol on Fred Hoiberg: “I think we’ll play with a better flow offensively”

    Jul 30, 2015, 11:30 PM EDT

    Pau Gasol Pau Gasol

    Hoiberg has a much stronger offensive reputation than Tom Thibodeau.

  15. Blazers waive Brendan Haywood after acquiring him from Cavs

    Jul 30, 2015, 10:43 PM EDT

    Brendan Haywood, Michael Beasley Brendan Haywood, Michael Beasley

    Portland received Mike Miller and two second-round picks in addition to Haywood.

Top 10 NBA Player Searches
  1. K. Bryant (2542)
  2. B. Haywood (1984)
  3. M. Miller (1829)
  4. I. Thomas (1825)
  5. L. James (1708)
  1. N. Young (1654)
  2. S. Napier (1592)
  3. J. Smith (1587)
  4. T. Thompson (1528)
  5. G. Robinson III (1458)