Jun 4, 2013, 7:59 AM EDT
After a campaign that landed him the Sixth Man of the Year award, J.R. Smith wants to get paid.
J.R. Smith will not opt in with the New York Knicks, declining his player option of $2.9 million, a league source confirmed with ESPNNewYork.com….
Another league source said it’s “likely” Smith will re-sign with the Knicks come free agency (starting July 1), putting their roster at eight players under contract for next season.
The Knicks have Smith’s Early Bird rights, meaning they can offer him a contract of 175 percent of his last salary or 104.5 percent of the league average salary, whichever is larger. In this case, that would be the league average number, which should be just north of $5 million a year. The contract has to be for at least two years and could be up to four.
It is possible another team with cap space could come in over the top and offer Smith a $6 million a year contract or more, but that is unlikely.
Nobody really expects Smith to leave the Knicks. However, if the Knicks to do this to re-sign Smith and are forced to use their tax-payer’s mid-level exception of just more than $3 million to keep Pablo Prigioni and Chris Copeland, they would only be able to bring in free agent players for the veteran minimum after that.
- Will Miami make a run at Kevin Durant? 15
- Report: Veteran forward Chuck Hayes agrees to deal with Clippers 6
- Report: Lakers to sign Brazilian, FC Barcelona point guard Marcelo Huertas to one-year deal 10
- Shaq to Kobe on podcast: “I just want people to know that I don’t hate you” 18
- D’Angelo Russell on Tracy McGrady tweet: “Some Lakers fans are spoiled” 28
- Anthony Davis “definitely” plans on shooting more threes this season 4
- Jim Buss defends Byron Scott as Lakers coach, “He has the Laker blood in him” 24
- Jim Buss open to the idea of Kobe Bryant playing beyond this season 32