Jul 17, 2013, 12:03 AM EDT
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.
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.
Jul 28, 2014, 10:51 PM EDT
That wasn’t so painful, was it?
Jul 28, 2014, 10:11 PM EDT
Pistons center denies Warriors forward at the rim with relatively late, but incredibly awesome, leap
Jul 28, 2014, 9:14 PM EDT
Tucker also re-signed with Suns for $16.5 million this offseason
Jul 28, 2014, 8:47 PM EDT
National Basketball Players Associate scheduled to vote on Billy Hunter’s replacement today
Jul 28, 2014, 7:59 PM EDT
San Antonio cites guard’s leg injury
Jul 28, 2014, 7:19 PM EDT
Mike Krzyzewski said Derrick Rose looked healthy at Tea USA training camp.
Jul 28, 2014, 6:34 PM EDT
Donald Sterling’s right to appeal restricted, a pivotal and unexpected ruling
Jul 28, 2014, 5:39 PM EDT
Williams didn’t get quite the payday he was expecting as an unrestricted free agent.
Jul 28, 2014, 5:15 PM EDT
The USA has superior athletes and should use that to their advantage.
Jul 28, 2014, 4:33 PM EDT
Derrick Rose seems to be moving and playing like the Derrick Rose of old.
Jul 28, 2014, 3:44 PM EDT
Thaddeus Young is not Kevin Love but he’d keep the Timberwolves from going into full rebuild mode.
Jul 28, 2014, 3:03 PM EDT
Wade may be looking forward to going up against LeBron, but I don’t think he’s going to like how the game ends.
Jul 28, 2014, 2:27 PM EDT
Ron Artest made a brief appearance on a rec league court in Los Angeles.
Jul 28, 2014, 1:42 PM EDT
When the game’s best player makes a uniform change, manufacturers spring into immediate action.
Jul 28, 2014, 12:56 PM EDT
LeBron said when switching to 6 four years ago that no one should wear 23 out of respect to MJ.
Jul 28, 2014, 12:07 PM EDT
Insert your own “he only jumped over Lowry” jokes, we’re not going to do that.
Jul 28, 2014, 11:23 AM EDT
Rose is expected to make the roster, but will need to shake the rust off quickly to show he’s more deserving than the other elite guards in camp.
Jul 28, 2014, 10:42 AM EDT
“The fact that I haven’t been traded yet makes me feel comfortable.” —Klay Thompson
Jul 28, 2014, 10:01 AM EDT
Because he could.
Jul 28, 2014, 9:24 AM EDT
The league won’t let it get to that point.
- Lakers make it official — finally — and hire Byron Scott as head coach 0
- Derrick Rose: “I’ve become a smarter player, but I’m mad it took me seven years to learn it.” 17
- Shelly Sterling beats Donald Sterling in court, clears sale of Clippers to Steve Ballmer 41
- Report: Timberwolves have talked to Sixers about Thaddeus Young as Kevin Love replacement 22
- All eyes on Derrick Rose as USA Basketball mini-camp begins 22
- Klay Thompson doesn’t anticipate being traded, says he expects to play with Warriors next season 8
- PBT Power Rankings: After summer shakeups, Spurs still team to beat 47
- Report: ‘No chance’ Kevin Love stays with Timberwolves 65