Skip to content

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.

Latest Posts
  1. Storms in Houston forced Dwight Howard to remain at arena with fans until 2:30AM after Game 4 win over Warriors

    May 26, 2015, 9:30 PM EDT

    Dwight Howard AP

    Severe flooding in the area had fans — and at least one player — stranded.

  2. Stephen Curry went through concussion protocol twice before returning to court

    May 26, 2015, 6:59 PM EDT

    cd0ymzcznguwzdbhnduynddiytjhm2yyzthlmtjjotqwyyznpti2yjjimja4ywnhyza4zdnjzti5mja0nzy1mjqzm2e2 AP

    Curry reported no symptoms after the game or on Tuesday, which means expect the regular Curry back for Game 5 Wednesday night.

  3. Report: Kyle Korver to have surgery on his ankle

    May 26, 2015, 6:17 PM EDT

    Atlanta Hawks v Washington Wizards - Game Six Getty Images

    There is no timeline but this could impact training camp and the start of next season.

  4. Jason Terry says he will play next season, his 17th in NBA

    May 26, 2015, 5:45 PM EDT

    Jason Terry AP

    If he’s used in the aging shooter role on the court and veteran locker room presence off it, bringing him back for another season for a few million makes sense.

  5. PBT Extra: Will Dwight Howard’s foul on Bogut be upgraded to a Flagrant 2? Should it?

    May 26, 2015, 3:59 PM EDT

    Golden State Warriors v Houston Rockets - Game Four Getty Images

    Would the league really upgrade a foul and bench a star player in an elimination game?

  6. PBT Extra: Horford/Dellavedova incident ups tension in Hawks/Cavaliers Game 4

    May 26, 2015, 3:37 PM EDT

    Not that it will be enough to get the Hawks a win.

  7. Report: Nets to shop Joe Johnson, Jarrett Jack in effort to get under luxury tax line

    May 26, 2015, 2:50 PM EDT

    Golden State Warriors v Brooklyn Nets Getty Images

    The Nets just do not have good rebuilding options going forward.

  8. Zach LaVine alley-oop dunking a football. Because he can. (VIDEO)

    May 26, 2015, 2:05 PM EDT

    Los Angeles Clippers v Minnesota Timberwolves Getty Images

    Minnesota’s Zach LaVine has spent the early part of his offseason working on increasing his vertical… wait, what?

  9. Nazr Mohammed plans to play another season

    May 26, 2015, 11:34 AM EDT

    Philadelphia 76ers V Chicago Bulls Getty Images

    Mohammed, 37, already one of NBA’s oldest players

  10. Report: Magic will name Scott Skiles coach this week

    May 26, 2015, 9:42 AM EDT

    Scott Skiles AP

    Not the most reliable report. Not the least reliable report.

Featured video

Will Klay Thompson get a little help on James Harden?
Top 10 NBA Player Searches
  1. K. Irving (7455)
  2. S. Curry (6819)
  3. K. Love (6230)
  4. D. Howard (5720)
  5. L. James (4938)
  1. D. Carroll (4525)
  2. K. Bryant (4052)
  3. K. Korver (3986)
  4. P. Beverley (3914)
  5. K. Durant (3894)