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. LeBron after Cavaliers fall to Nets: ‘You don’t chalk up losses’

    Mar 27, 2015, 11:44 PM EDT

    LeBron James AP

    LeBron refused to be dismissive of a seemingly harmless regular season loss.

  2. Shaquille O’Neal says he regrets leaving Magic for Lakers

    Mar 27, 2015, 10:30 PM EDT

    Orlando Magic add Shaquille O'Neal to team's Hall of Fame Getty Images

    O’Neal made the remarks while being inducted into the Orlando Magic Hall of Fame.

  3. Draymond Green launches “It’s cool Glen” line of T-shirts in latest banter between him, Doc Rivers

    Mar 27, 2015, 8:30 PM EDT

    b2644bf0-d4c9-11e4-bb85-27743e449672_csg

    The battle between Green and Doc Rivers continues in the funniest of ways.

  4. Cavaliers coach David Blatt: ‘LeBron James is our MVP’

    Mar 27, 2015, 7:25 PM EDT

    Atlanta Hawks v Cleveland Cavaliers - Game 1 Getty Images

    Blatt knows James is unlikely to get the league-wide award this season.

  5. No Durant, what does that mean for Thunder in these playoffs? Trouble.

    Mar 27, 2015, 6:12 PM EDT

    Oklahoma City Thunder v Denver Nuggets Oklahoma City Thunder v Denver Nuggets

    The Thunder defense has become a mess, which is bad for the playoffs.

  6. Report: UNLV freshman guard Rashad Vaughn to enter NBA draft; Vaughn denies it

    Mar 27, 2015, 4:32 PM EDT

    San Jose State v UNLV Getty Images

    He is likely a middle second round pick if he comes out.

  7. Blake Griffin nails impression of Austin Rivers (VIDEO)

    Mar 27, 2015, 3:45 PM EDT

    Los Angeles Clippers v New York Knicks Getty Images

    It’s pretty spot on. And cold-blooded.

  8. Kevin Durant to have third foot surgery; is done for season, playoffs

    Mar 27, 2015, 3:09 PM EDT

    Kevin Durant Kevin Durant

    He should be back next season, the final one of this contract with Oklahoma City.

  9. High praise: Bob Cousy says Hassan Whiteside reminds him of Bill Russell

    Mar 27, 2015, 1:32 PM EDT

    Boston Celtics v Miami Heat Boston Celtics v Miami Heat

    Cousey said not Shaq, not Ewing, nobody reminded him of Russell like Whiteside.

  10. Report: Salary cap could rise to $105 million in 2017-18

    Mar 27, 2015, 11:55 AM EDT

    AP Money Found AP

    As everyone braces for 2016 spike, another big bump could follow

  11. Goran Dragic leading feisty Heat’s playoff push

    Mar 27, 2015, 10:55 AM EDT

    Goran Dragic, Josh Tiven Goran Dragic, Josh Tiven

    LeBron James and a lot of stature are gone, but with the more-modest goal of just making the playoffs, Miami’s new point guard embracing the challenge

  12. Anthony Davis made 100 free throws in arena after Rockets loss

    Mar 27, 2015, 10:19 AM EDT

    Houston Rockets v New Orleans Pelicans Getty Images

    Pelicans star missed eight free throws in setback to Houston

  13. DeMarcus Cousins has response for fan who tells him to stop complaining about calls

    Mar 27, 2015, 8:30 AM EDT

    Houston at Sacramento Getty Images

    Cousins has gotten better, but he still has yet to hear a foul call he liked.

Featured video

Where does Steve Nash rank all-time?
Top 10 NBA Player Searches
  1. K. Durant (6123)
  2. K. Lowry (5798)
  3. L. Aldridge (5757)
  4. R. Rubio (5713)
  5. N. Batum (5326)
  1. G. Monroe (5214)
  2. P. George (5074)
  3. A. Shved (5073)
  4. G. Hayward (5054)
  5. B. Knight (5013)