J.R. Smith Agrees With Knicks @ $24,7m/4 years

J.R. Smith Agrees With Knicks @ $24,7m/4 years

Postby Kobe8Fan on Sat Apr 27, 2013 6:48 pm

Source: J.R. Smith Likely To Test Free Agency

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By Moke Hamilton
April 24, 2013 at 12:28 AM

JR SmithNEW YORK — On Tuesday night, in Game 2 of the best-of-seven series between the New York Knicks and Boston Celtics, J.R. Smith checked into the game with 8:24 remaining in the first quarter.

Fresh off being minted as the league’s Sixth Man of the Year, Smith received a rousing ovation from the Madison Square Garden faithful.

His first four shots found the bottom of the net, and the final one—a buzzer beating 36-footer that gave the Knicks a 26-20 lead after one quarter—brought down the house.

The Knicks went on to defeat the Celtics, 87-71, and will carry a 2-0 series lead to Boston.

Smith’s first quarter helped propel them, and it was a microcosm of his tenure in New York. Sadly, for Knicks fans, there is a very real possibility that it may end this summer.

Smith is coming off of a career year in which he turned in career highs across the board: 18.1 points, 5.3 rebounds and 2.7 assists.

This past season, he opened eyes across the league and has been vital in the Knicks’ revival.

Yet this past season, his $2.8 million salary was not only far below his market value, it was less than the $4.05 million the Knicks paid shooter savant Steve Novak.

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 so, the Knicks will be limited in what they may offer him.

Per the NBA’s collective bargaining agreement, the Knicks will have an “early Bird” salary exception which they may use to re-sign Smith.

The early Bird exception is available to re-sign a free agent who played each of the previous two seasons with the same team, even if, like Smith, the two seasons were played under different contracts.

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.

Does your head hurt yet?

Let’s plug in real numbers to make it all make sense.

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.

Under the second calculation, they could offer Smith 104.5 percent of whatever is the average player salary for the 2012-13 season, a number we won’t know until July 1, 2013, when the league’s finances for the previous season are fully accounted.

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.

So, that’s it.

The most the Knicks can offer Smith in year one of a new deal would be $5.58 million.

As an early Bird free agent, the Knicks could offer Smith up to four years, with annual raises of up to 7.5 percent of his salary in the first year, or, in this case, $418,000.

Add that all up, and the most the Knicks can offer Smith as a free agent this summer is a four-year deal worth $24.8 million, or an average of $6.2 million per year.

It is not all bad news for Knicks fans, though. And there are two important things to consider here.


http://www.sheridanhoops.com/2013/04/24 ... im-anyway/
Last edited by Kobe8Fan on Wed Jun 26, 2013 10:12 pm, edited 3 times in total.
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Re: Source: J.R. Smith Likely To Test Free Agency

Postby gill on Sat Apr 27, 2013 7:25 pm

I think he finally found his home in NY. It's such a good fit for him there. I think he'll stay.
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Re: Source: J.R. Smith Likely To Test Free Agency

Postby Kobe8Fan on Sun Apr 28, 2013 12:57 am

gill wrote:I think he finally found his home in NY. It's such a good fit for him there. I think he'll stay.

I would think so to. He's from Jersey so I don't think he'll leave home.
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Re: Source: J.R. Smith Likely To Test Free Agency

Postby abeer3 on Sun Apr 28, 2013 6:20 am

i don't know...he hasn't had a "big" (by nba standards) payday yet. i could see some desperate team offering twice that. demar derozan and aaron afflalo both got more than twice that in the last couple of years, for example. could he really turn that down because he likes ny?

now, i think he sign a one year deal with them using early bird and then be eligible for full bird rights next year (three years with the team), right? that might be a compromise, but he'd be risking a ton of money.
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Carmelo Hopes Knicks Re-Sign J.R. Smith

Postby Kobe8Fan on Sat Jun 08, 2013 12:22 pm

Carmelo Hopes Knicks Re-Sign J.R. Smith

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By Peter Botte AND Mitch Abramson / NEW YORK DAILY NEWS

J.R. Smith has received an important endorsement to return to the Knicks next season, from longtime teammate Carmelo Anthony.

Smith, the NBA’s Sixth Man of the Year, is expected to opt out of the final year of his contract and test free agency this summer despite a prolonged shooting slump that contributed mightily to the Knicks’ six-game ouster by Indiana.

“Without a doubt,” Anthony said Monday when asked if he hopes Smith stays in New York. “J.R. is a special player. To me, and to everybody on this team, he’s made a huge step forward as a basketball player. We look forward to that, for him to come out and be focused, the way he was focused this season, win the Sixth Man of the Year, help us to win another division title, helping us to win 50-plus games. He was a big help to this team and I definitely would love him back here.”

The most the Knicks can offer Smith is an “early Bird” exception starting around $4.9 million and escalating over four years, but another NBA team with more salary-cap room might be willing to offer a bigger deal.

Smith was not made available Monday, but the Jersey product said following Saturday’s loss in Indiana that he hopes to “retire a Knick.”.

Asked about Amar’e Stoudemire, who played limited minutes against Indiana after making his second comeback this season from knee surgeries, Anthony added, “At this point, coming from more as a friend than a teammate, I would just love to see Amar’e get back to 100% healthy … I just want him to be completely healthy before he starts thinking about anything else.”

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J.R. Smith To Opt Out, Likely To Re-Sign With Knicks

Postby Kobe8Fan on Sat Jun 08, 2013 12:25 pm

J.R. Smith To Opt Out, Likely To Re-Sign With Knicks

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By Jared Zwerling | Special to ESPNNewYork.com

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.

Smith will officially announce the decision before June 30, making him an unrestricted free agent.

It was reported by the New York Post last month that Smith was "expected" to opt out. The Knicks can re-sign Smith for $4.9 million using the Early Bird exception, with standard raises over four years.

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. That number could extend to 10 players if New York re-signs Pablo Prigioni and Chris Copeland, who both have qualifying offers of $988,872. If they don't accept the offers by June 30, they will become restricted free agents.

Smith is coming off his best season in his nine-year NBA career. He averaged 18.1 points and 5.3 rebounds in 33 minutes per game off the bench, helping lead the Knicks to 54 wins -- their most since 1999-2000. However, he struggled in the postseason, averaging 14.3 points on only 33.1 percent shooting, but he did play through fluid in his left knee.

In favor of the Knicks keeping Smith is his close relationship with Carmelo Anthony (from their Denver Nuggets days together) and coach Mike Woodson, who helped push the 27-year-old into 2013's Sixth Man Award winner.


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Re: J.R. Smith To Opt Out, Likely To Re-Sign With Knicks

Postby Rooscooter on Sat Jun 08, 2013 7:55 pm

My condolences to Knick fans........
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Re: J.R. Smith To Opt Out, Likely To Re-Sign With Knicks

Postby Battle Tested20 on Sat Jun 08, 2013 9:34 pm

Rooscooter wrote:My condolences to Knick fans........

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J.R. Smith Will Become Free Agent

Postby Kobe8Fan on Tue Jun 25, 2013 11:27 am

J.R. Smith Will Become Free Agent

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By AL IANNAZZONE al.iannazzone@newsday.com

J.R. Smith will not pick up his $2.9-million option for the 2013-14 season, a person close to the valuable reserve said. But it doesn't mean Smith won't be back with the Knicks.

The deadline for Smith to inform the Knicks whether he will opt in is Tuesday. The Knicks weren't expecting Smith to opt in after putting up career highs of 18.1 points and 5.3 rebounds and winning the Sixth Man of the Year Award this past season. Smith struggled in the playoffs, but the Knicks' plan is to try to keep him.

Smith is close with coach Mike Woodson. The two recently golfed together, according to multiple sources.

The Knicks can re-sign Smith using the "Early" Bird Exception. The most they could give him is the average NBA salary, starting at roughly $5 million for at least two years.

Of course, the Knicks could lose Smith if another team offers him more money and a chance to be its starting shooting guard and focal point of the offense. That might be something Smith wouldn't want to pass up, especially after being a reserve for most of his nine-year career.

But the 27-year-old Smith, a New Jersey native, likes playing close to home, and his relationship with Woodson could be a key factor in his decision. Also, Smith's younger brother Chris will be on the Knicks' summer league roster for the second straight year.

It might be risky for the Knicks to bring back Smith after a second straight disappointing postseason. He averaged 14.3 points and shot 33.1 percent. But the Knicks need another scorer to take some pressure off Carmelo Anthony.

The Knicks also would like to keep Pablo Prigioni and Chris Copeland. They're expected to extend both players qualifying offers by Sunday to make them restricted free agents.

The Knicks are limited in what they can spend this offseason. They have the $3.1-million mini-midlevel exception and minimum contracts. One player they could consider signing to a minimum deal is one-time Knick Shawne Williams, who worked out for them Monday.


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Re: J.R. Smith To Opt Out, Likely To Re-Sign With Knicks

Postby pound4pound1 on Tue Jun 25, 2013 11:33 am

Rooscooter wrote:My condolences to Knick fans........



i dont think a team with JR Smith will ever win a title...like if he was a role player on the Heat this year, they would have somehow lost
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Sources: Bucks Have ‘Strong’ Interest In J.R. Smith

Postby Kobe8Fan on Wed Jun 26, 2013 10:09 pm

Sources: Bucks Have ‘Strong’ Interest In J.R. Smith

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The Milwaukee Bucks have "strong" interest in the New York Knicks' J.R. Smith and also want to make an offer to his teammate Chris Copeland, two league sources confirmed to ESPN.com.

The Bucks will be entering free agency with their starting backcourt, Brandon Jennings and Monta Ellis, testing free agency. But they also have leverage because they are under the cap, unlike the Knicks, and they can outbid for the services of Smith and Copeland.

The most Smith can make in New York is $5.58 million with early Bird rights. He declined his player option of $2.9 million earlier this month, making him an unrestricted free agent. For Copeland, who is now a restricted free agent because the Knicks extended an qualifying offer to him on Tuesday, the highest amount he could receive is $3.18 million -- the Knicks' mini mid-level exception.

According to one league source, several other suitors will make pitches for Smith and Copeland. Smith has received early interest from the Detroit Pistons and Phoenix Suns, and Copeland's list includes the Dallas Mavericks, Indiana Pacers, Los Angeles Lakers, New Orleans Pelicans, Oklahoma City Thunder, Toronto Raptors, Utah Jazz and Washington Wizards.

Both Smith and Copeland have expressed a burning desire to stay in New York. After the season, Smith said, "I want to retire a Knick. I don't want to go anywhere else." And Copeland said, "I can't think of anywhere else I'd rather be."


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Sources: Bucks Have ‘Strong’ Interest In J.R. Smith

Postby Kobe8Fan on Wed Jun 26, 2013 10:11 pm

Sources: Bucks Have ‘Strong’ Interest In J.R. Smith

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The Milwaukee Bucks have "strong" interest in the New York Knicks' J.R. Smith and also want to make an offer to his teammate Chris Copeland, two league sources confirmed to ESPN.com.

The Bucks will be entering free agency with their starting backcourt, Brandon Jennings and Monta Ellis, testing free agency. But they also have leverage because they are under the cap, unlike the Knicks, and they can outbid for the services of Smith and Copeland.

The most Smith can make in New York is $5.58 million with early Bird rights. He declined his player option of $2.9 million earlier this month, making him an unrestricted free agent. For Copeland, who is now a restricted free agent because the Knicks extended an qualifying offer to him on Tuesday, the highest amount he could receive is $3.18 million -- the Knicks' mini mid-level exception.

According to one league source, several other suitors will make pitches for Smith and Copeland. Smith has received early interest from the Detroit Pistons and Phoenix Suns, and Copeland's list includes the Dallas Mavericks, Indiana Pacers, Los Angeles Lakers, New Orleans Pelicans, Oklahoma City Thunder, Toronto Raptors, Utah Jazz and Washington Wizards.

Both Smith and Copeland have expressed a burning desire to stay in New York. After the season, Smith said, "I want to retire a Knick. I don't want to go anywhere else." And Copeland said, "I can't think of anywhere else I'd rather be."


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Re: Sources: Bucks Have ‘Strong’ Interest In J.R. Smith

Postby noobiew on Thu Jun 27, 2013 12:02 am

Doubt that J.R. Smith chooses Bucks, most likely scenario I see him resign and stay in New York.
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Re: Sources: Bucks Have ‘Strong’ Interest In J.R. Smith

Postby JSM on Wed Jul 03, 2013 9:05 pm

Adrian Wojnarowski ‏@WojYahooNBA 4h
Free agent guard J.R. Smith is nearing an agreement to re-sign with the New York Knicks, league sources tell Y! Sports.

Adrian Wojnarowski ‏@WojYahooNBA 4h
Knicks, Smith are still finalizing years and options in deal, league sources tells Y!
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Re: Sources: Bucks Have ‘Strong’ Interest In J.R. Smith

Postby Battle Tested20 on Thu Jul 04, 2013 5:19 am

So much for Tim Hardaway Jr. taking JR Smith's role
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Knicks to re-sign JR Smith

Postby Basketball Fan on Thu Jul 04, 2013 8:11 am

http://espn.go.com/new-york/nba/story/_ ... agent-says

Knicks to re-sign J.R. Smith


Agent: J.R. Smith Agrees With Knicks


The New York Knicks and free agent J.R. Smith have agreed to terms on a four-year, $24.7 million contract, the guard's agent, Leon Rose, said Thursday morning.

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The contract is the maximum amount the Knicks can offer Smith via the Early Bird Rights, which allows a team to offer the average player salary with standard annual raises of 7.5 percent. The league's financial figures for 2013-14 will be released next week, but the average salary is projected at approximately $5.5 million.

According to a league source, Smith's deal contains a player option in the fourth and final year.

Rose said Smith had other offers, but he wanted to stay in New York. Earl Smith Sr. J.R.'s father, said on Wednesday that his son had drawn interest. A league source said the Milwaukee Bucks, Detroit Pistons and Dallas Mavericks were among those to show interest in Smith earlier in the week.

Smith, though, has a strong relationship with Knicks coach Mike Woodson, and the Freehold, N.J., product enjoys playing close to his family. Those likely factored into his decision to stay in New York.

The 27-year-old averaged 18.1 points and 5.3 rebounds per game last season, in which he won the league's Sixth Man of the Year award. He played an integral role in the Knicks' regular-season success but struggled mightily in the playoffs, making just 33 percent of his field goals.

Signings can't become official until the league-wide moratorium is lifted on July 10.
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Re: Knicks to re-sign JR Smith

Postby therealdeal on Thu Jul 04, 2013 8:28 am

Not bad. He signed for basically the same price as Kyle Korver.

Good move for the Knicks.
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