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J.R. Smith’s new contract with the Knicks is only for three seasons

Jul 17, 2013, 12:03 AM EDT

New York Knicks v Indiana Pacers - Game Six Getty Images

When word surfaced that J.R. Smith underwent knee surgery that would keep him out of action for the next three-four months, Knicks fans weren’t all that happy to hear that a player their favorite team just signed to a four-year contract was one that had been experiencing chronic knee issues.

While there isn’t anything different to report on the injury front where Smith is concerned, there is some positive news that’s come out in terms of the deal he just signed — as it turns out, it wasn’t quite as large as was widely reported originally.

From Howard Beck of the New York Times:

Smith’s deal covers a maximum of three years, with a total value of $17.95 million, not the four years and $24.5 million that was widely reported, including in The New York Times, last week.

The precise terms were confirmed Tuesday by a rival team executive and a second person with access to the contract. Despite the intense scrutiny of the deal, Knicks General Manager Glen Grunwald made no attempt to correct the erroneous reports during a 16-minute conference call with reporters Tuesday.

The contract calls for Smith to make $5.57 million next season and $5.98 million in 2014-15, with a third-year player option at $6.4 million.

An update came later that said Smith originally did agree to a four-year deal, but later opted for three years to become a free agent again sooner.

That’s a pretty big difference, though — not only in terms of the total value of the deal, but also in the lack of a fourth year the team would potentially be on the hook for down the line.

As mentioned in the Times story, it speaks to the famously (and unnecessarily) secretive Knicks organization that it took this long for these details to be revealed. But either way, if Smith’s knees are indeed something to be concerned about in the future, having him under contract for three years instead of four is definitely advantageous for the New York franchise.

  1. nghtrder169 - Jul 17, 2013 at 12:22 AM

    Much better especially with this chronic knee thing – 4 years was too much comfort for this guy… He should be working on 1 year deals to keep him focused lol… 4 years guaranteed + chronic knee…JR would be coasting lol

    • fanofevilempire - Jul 17, 2013 at 11:50 AM

      are you a Doctor, if not stf up!

      • nghtrder169 - Jul 17, 2013 at 12:14 PM

        Lol I guess u dont understand the concept of a joke

  2. 00maltliquor - Jul 17, 2013 at 3:07 AM

    3 year, 4 year, 18-24 milly…potato-potah-toe.

  3. davidly - Jul 17, 2013 at 6:02 AM

    The season’s too long, or, rather, there are too many games per year.

  4. 13arod - Jul 17, 2013 at 7:50 AM

    I wuld have given him 2 years max

    • fanofevilempire - Jul 17, 2013 at 11:51 AM

      you can’t even spell.

  5. millerje1962 - Jul 17, 2013 at 8:19 AM

    thank goodness, I was afraid my team was going to try to sign him. Close one, thanks Knicks.

    • fanofevilempire - Jul 17, 2013 at 11:52 AM

      funny how you didn’t say your team name, I guess they are a disgrace to the nba.

      • bougin89 - Jul 18, 2013 at 10:18 AM

        I’m glad the Bucks didn’t sign him.

  6. mdac1012 - Jul 17, 2013 at 8:57 AM

    Knicks probably felt like they had no choice, it’s hard to let your number #2 scorer walk away without an adequate replacement, but 3 years is still 2 years too long for that guy.

    • fanofevilempire - Jul 17, 2013 at 11:54 AM

      based on what, do you have some experience with nba contracts, are you
      working in the profession?

      • mdac1012 - Jul 17, 2013 at 9:33 PM

        No, just giving an opinion like every other person on every other forum on this website. Isn’t that the point of having a comments section? Or do you not understand the purpose of the comments section?

  7. bux1022 - Jul 17, 2013 at 9:57 AM

    Reigning 6th man of the year. 18 points a game I’ll take that for 3 years all day!

    • fanofevilempire - Jul 17, 2013 at 11:54 AM

      there you go.

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