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Update: J.R. Smith Agrees to a Contract Extension with the New York Knicks

We reported that J.R. Smith, winner of the Sixth Man of the Year award, declared himself a free agent.  It looks like after entertaining a few teams, he might re-sign with the Knicks.

Check it out!

Smith did express his desire to retire a Knick at the end of last season.  But, after his breakout year, minus his playoff performance, he had no choice but to explore other options.  It wouldn’t have made sense financially to remain in his previous contract, so he did the right thing.  He made the Knicks pee or get off the pot.

According to the Daily News:

According to a Knicks source, the deal could be completed by Thursday. Smith is expected to receive the “Average Player Salary Exception” which could amount to $24 million over four seasons. The expected signing assures the Knicks of having their top five players under contract next season — Smith, Carmelo Anthony, Iman Shumpert, Raymond Felton and Tyson Chandler. Also, according to a basketball site in Argentina, the Knicks have offered Pablo Prigioni a two-year contract extension.

After Smith, who will turn 28 in September, averaged a career-best 18.1 points last season in 80 games, all as a reserve, the Knicks’ focus this summer was re-signing him. For months, Smith had said his desire was to return to the Knicks. He also had two influential power brokers in his corner: Garden Chairman James Dolan and Anthony, who was also Smith’s teammate with the Denver Nuggets.

J.R. Smith took to Instagram to announce the news.

It looks like the Knicks have their top five locked down contractually.

What do think about Smith’s move to re-sign?

Leave your comments below.

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