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J.R. Smith

Knicks Re-Sign J.R. Smith

July 16th, 2013 at 10:55pm CST by Luke Adams

JULY 16TH: Smith's deal is actually for a maximum of three years and $17.95MM, with the third year a player option, reports Howard Beck of the New York Times. Beck also adds, via Twitter, that Smith's agent Leon Rose says the shooting guard originally agreed to a four year pact, as was reported below, but then opted for a shorter deal in order to become a free agent sooner. If Smith declines his third-year option, he can become a free agent in 2015 with full Bird rights. As Beck notes in his story, it is peculiar that Knicks GM Glen Grunwald didn't make an effort to clarify this point in his conference call with the media today, especially considering the scrutiny he has been under since news broke of Smith's surgery.

JULY 11TH: The Knicks have made the re-signing of Smith official, according to the club's PR Twitter account.

JULY 10TH: According to cap expert Larry Coon (via Twitter), the Early Bird amount for the coming season is $5,565,000. Assuming Smith will receive the max contract allowable via the Early Bird exception, as had been previously reported, that means he'll earn $24,764,250 over the course of his contract.

The year-by-year amounts work out to about $5.57MM, $5.98MM, $6.4MM, and $6.82MM, respectively.

JULY 4TH: The Knicks have reached an agreement to re-sign J.R. Smith, agent Leon Rose tells Frank Isola of the New York Daily News (Twitter link). According to Marc Berman of the New York Post (via Twitter), Smith's new deal will be for four years and approximately $24.7MM, while Howard Beck of the New York Times tweets that the fourth year will be a player option.

As Beck notes (via Twitter), the exact amount Smith will earn won't be known until the NBA determines the league's average salary. Because the Knicks held the 27-year-old's Early Bird rights, they're permitted to offer him a contract that starts at 104.5% of the NBA's average salary, which is expected to be in the neighborhood of $5-5.5MM.

As recently as yesterday, a report suggested that Smith would have larger offers on the table from teams besides the Knicks, making it very possible that he'd leave New York. But with the Bucks closing in on a deal with O.J. Mayo, one leading suitor for Smith may have been out of the mix. Additionally, returning to the Knicks always seemed to be Smith's preference, and he showed last summer that he was willing to take a discount to remain in NYC.

Smith, the 2012/13 Sixth Man of the Year, was terrific off the bench for the Knicks last season, averaging 18.1 PPG and recording a 17.6 PER as the club's second scoring option after Carmelo Anthony.

Adrian Wojnarwoski of Yahoo! Sports reported yesterday that Smith, a CAA client, was nearing an agreement with the Knicks.

Eastern Notes: Curry, Henderson, Oden, Joseph

July 16th, 2013 at 8:16pm CST by Zachary Links

We've already had two amnesty provisions in the East announced tonight in Linas Kleiza and Drew Gooden. Let's round up the rest of the Eastern Conference news here on Tuesday night:

The latest on the Sixers coaching search indicates that the team is no rush to make a decision, but that doesn't bother in-house candidate Michael Curry, writes Keith Pompey of the Philadelphia Inquirer. Curry, who conducted the team's pre-draft workouts and coached the Sixers summer league team, is expected to be interviewed and was told from the start by general manager Sam Hinkie that the coaching search would be a long process.
The Bobcats and restricted free agent Gerald Henderson are having ongoing contract discussions about a return to Charlotte, but are still not close financially, tweets Marc J. Spears of Yahoo Sports. Just last week, we heard that the Bobcats and Henderson had reached a stalemate. It doesn't look like things have changed much, but the report that the sides are still communicating is good news for Bobcats fans.
With the Heat now rumored to be the unofficial frontrunner to land Greg Oden, Ira Winderman of the South Florida Sun Sentinel wonders what type of message it would send if the team used the taxpayer mid-level exception, worth about $3.2MM, on the injury-prone Oden only days after re-signing Chris Andersen, who contributed to their second straight title run, for about half the price. Winderman also speculates that the Heat could try to move Joel Anthony in a cost-cutting move that would easier allow them to ink Oden (Twitter links).
Kris Joseph, waived yesterday by the Celtics, will likely look to latch on with an NBA team in a training camp this fall. The Nets, with whom Joseph finished last season, are said to have interest in the forward, tweets Steve Bulpett of the Boston Herald, but are prohibited from signing him for a year after shipping him north in the deal to acquire Paul Pierce and Kevin Garnett.

Eastern Notes: Curry, Henderson, Oden, Joseph

July 16th, 2013 at 8:16pm CST by Alex Lee

We've already had two amnesty provisions in the East announced tonight in Linas Kleiza and Drew Gooden. Let's round up the rest of the Eastern Conference news here on Tuesday night:

The latest on the Sixers coaching search indicates that the team is no rush to make a decision, but that doesn't bother in-house candidate Michael Curry, writes Keith Pompey of the Philadelphia Inquirer. Curry, who conducted the team's pre-draft workouts and coached the Sixers summer league team, is expected to be interviewed and was told from the start by general manager Sam Hinkie that the coaching search would be a long process.
The Bobcats and restricted free agent Gerald Henderson are having ongoing contract discussions about a return to Charlotte, but are still not close financially, tweets Marc J. Spears of Yahoo Sports. Just last week, we heard that the Bobcats and Henderson had reached a stalemate. It doesn't look like things have changed much, but the report that the sides are still communicating is good news for Bobcats fans.
With the Heat now rumored to be the unofficial frontrunner to land Greg Oden, Ira Winderman of the South Florida Sun Sentinel wonders what type of message it would send if the team used the taxpayer mid-level exception, worth about $3.2MM, on the injury-prone Oden only days after re-signing Chris Andersen, who contributed to their second straight title run, for about half the price. Winderman also speculates that the Heat could try to move Joel Anthony in a cost-cutting move that would easier allow them to ink Oden (Twitter links).
Kris Joseph, waived yesterday by the Celtics, will likely look to latch on with an NBA team in a training camp this fall. The Nets, with whom Joseph finished last season, are said to have interest in the forward, tweets Steve Bulpett of the Boston Herald, but are prohibited from signing him for a year after shipping him north in the deal to acquire Paul Pierce and Kevin Garnett.

Eastern Notes: Curry, Henderson, Oden, Joseph

July 16th, 2013 at 8:16pm CST by Luke Adams

We've already had two amnesty provisions in the East announced tonight in Linas Kleiza and Drew Gooden. Let's round up the rest of the Eastern Conference news here on Tuesday night:

The latest on the Sixers coaching search indicates that the team is no rush to make a decision, but that doesn't bother in-house candidate Michael Curry, writes Keith Pompey of the Philadelphia Inquirer. Curry, who conducted the team's pre-draft workouts and coached the Sixers summer league team, is expected to be interviewed and was told from the start by general manager Sam Hinkie that the coaching search would be a long process.
The Bobcats and restricted free agent Gerald Henderson are having ongoing contract discussions about a return to Charlotte, but are still not close financially, tweets Marc J. Spears of Yahoo Sports. Just last week, we heard that the Bobcats and Henderson had reached a stalemate. It doesn't look like things have changed much, but the report that the sides are still communicating is good news for Bobcats fans.
With the Heat now rumored to be the unofficial frontrunner to land Greg Oden, Ira Winderman of the South Florida Sun Sentinel wonders what type of message it would send if the team used the taxpayer mid-level exception, worth about $3.2MM, on the injury-prone Oden only days after re-signing Chris Andersen, who contributed to their second straight title run, for about half the price. Winderman also speculates that the Heat could try to move Joel Anthony in a cost-cutting move that would easier allow them to ink Oden (Twitter links).
Kris Joseph, waived yesterday by the Celtics, will likely look to latch on with an NBA team in a training camp this fall. The Nets, with whom Joseph finished last season, are said to have interest in the forward, tweets Steve Bulpett of the Boston Herald, but are prohibited from signing him for a year after shipping him north in the deal to acquire Paul Pierce and Kevin Garnett.

Eastern Notes: Curry, Henderson, Oden, Joseph

July 16th, 2013 at 8:16pm CST by Luke Adams

We've already had two amnesty provisions in the East announced tonight in Linas Kleiza and Drew Gooden. Let's round up the rest of the Eastern Conference news here on Tuesday night:

The latest on the Sixers coaching search indicates that the team is no rush to make a decision, but that doesn't bother in-house candidate Michael Curry, writes Keith Pompey of the Philadelphia Inquirer. Curry, who conducted the team's pre-draft workouts and coached the Sixers summer league team, is expected to be interviewed and was told from the start by general manager Sam Hinkie that the coaching search would be a long process.
The Bobcats and restricted free agent Gerald Henderson are having ongoing contract discussions about a return to Charlotte, but are still not close financially, tweets Marc J. Spears of Yahoo Sports. Just last week, we heard that the Bobcats and Henderson had reached a stalemate. It doesn't look like things have changed much, but the report that the sides are still communicating is good news for Bobcats fans.
With the Heat now rumored to be the unofficial frontrunner to land Greg Oden, Ira Winderman of the South Florida Sun Sentinel wonders what type of message it would send if the team used the taxpayer mid-level exception, worth about $3.2MM, on the injury-prone Oden only days after re-signing Chris Andersen, who contributed to their second straight title run, for about half the price. Winderman also speculates that the Heat could try to move Joel Anthony in a cost-cutting move that would easier allow them to ink Oden (Twitter links).
Kris Joseph, waived yesterday by the Celtics, will likely look to latch on with an NBA team in a training camp this fall. The Nets, with whom Joseph finished last season, are said to have interest in the forward, tweets Steve Bulpett of the Boston Herald, but are prohibited from signing him for a year after shipping him north in the deal to acquire Paul Pierce and Kevin Garnett.

Eastern Notes: Curry, Henderson, Oden, Joseph

July 16th, 2013 at 8:16pm CST by Chuck Myron

We've already had two amnesty provisions in the East announced tonight in Linas Kleiza and Drew Gooden. Let's round up the rest of the Eastern Conference news here on Tuesday night:

The latest on the Sixers coaching search indicates that the team is no rush to make a decision, but that doesn't bother in-house candidate Michael Curry, writes Keith Pompey of the Philadelphia Inquirer. Curry, who conducted the team's pre-draft workouts and coached the Sixers summer league team, is expected to be interviewed and was told from the start by general manager Sam Hinkie that the coaching search would be a long process.
The Bobcats and restricted free agent Gerald Henderson are having ongoing contract discussions about a return to Charlotte, but are still not close financially, tweets Marc J. Spears of Yahoo Sports. Just last week, we heard that the Bobcats and Henderson had reached a stalemate. It doesn't look like things have changed much, but the report that the sides are still communicating is good news for Bobcats fans.
With the Heat now rumored to be the unofficial frontrunner to land Greg Oden, Ira Winderman of the South Florida Sun Sentinel wonders what type of message it would send if the team used the taxpayer mid-level exception, worth about $3.2MM, on the injury-prone Oden only days after re-signing Chris Andersen, who contributed to their second straight title run, for about half the price. Winderman also speculates that the Heat could try to move Joel Anthony in a cost-cutting move that would easier allow them to ink Oden (Twitter links).
Kris Joseph, waived yesterday by the Celtics, will likely look to latch on with an NBA team in a training camp this fall. The Nets, with whom Joseph finished last season, are said to have interest in the forward, tweets Steve Bulpett of the Boston Herald, but are prohibited from signing him for a year after shipping him north in the deal to acquire Paul Pierce and Kevin Garnett.

Eastern Notes: Curry, Henderson, Oden, Joseph

July 16th, 2013 at 8:16pm CST by Zachary Links

We've already had two amnesty provisions in the East announced tonight in Linas Kleiza and Drew Gooden. Let's round up the rest of the Eastern Conference news here on Tuesday night:

The latest on the Sixers coaching search indicates that the team is no rush to make a decision, but that doesn't bother in-house candidate Michael Curry, writes Keith Pompey of the Philadelphia Inquirer. Curry, who conducted the team's pre-draft workouts and coached the Sixers summer league team, is expected to be interviewed and was told from the start by general manager Sam Hinkie that the coaching search would be a long process.
The Bobcats and restricted free agent Gerald Henderson are having ongoing contract discussions about a return to Charlotte, but are still not close financially, tweets Marc J. Spears of Yahoo Sports. Just last week, we heard that the Bobcats and Henderson had reached a stalemate. It doesn't look like things have changed much, but the report that the sides are still communicating is good news for Bobcats fans.
With the Heat now rumored to be the unofficial frontrunner to land Greg Oden, Ira Winderman of the South Florida Sun Sentinel wonders what type of message it would send if the team used the taxpayer mid-level exception, worth about $3.2MM, on the injury-prone Oden only days after re-signing Chris Andersen, who contributed to their second straight title run, for about half the price. Winderman also speculates that the Heat could try to move Joel Anthony in a cost-cutting move that would easier allow them to ink Oden (Twitter links).
Kris Joseph, waived yesterday by the Celtics, will likely look to latch on with an NBA team in a training camp this fall. The Nets, with whom Joseph finished last season, are said to have interest in the forward, tweets Steve Bulpett of the Boston Herald, but are prohibited from signing him for a year after shipping him north in the deal to acquire Paul Pierce and Kevin Garnett.

Eastern Notes: Curry, Henderson, Oden, Joseph

July 16th, 2013 at 8:16pm CST by Zachary Links

We've already had two amnesty provisions in the East announced tonight in Linas Kleiza and Drew Gooden. Let's round up the rest of the Eastern Conference news here on Tuesday night:

The latest on the Sixers coaching search indicates that the team is no rush to make a decision, but that doesn't bother in-house candidate Michael Curry, writes Keith Pompey of the Philadelphia Inquirer. Curry, who conducted the team's pre-draft workouts and coached the Sixers summer league team, is expected to be interviewed and was told from the start by general manager Sam Hinkie that the coaching search would be a long process.
The Bobcats and restricted free agent Gerald Henderson are having ongoing contract discussions about a return to Charlotte, but are still not close financially, tweets Marc J. Spears of Yahoo Sports. Just last week, we heard that the Bobcats and Henderson had reached a stalemate. It doesn't look like things have changed much, but the report that the sides are still communicating is good news for Bobcats fans.
With the Heat now rumored to be the unofficial frontrunner to land Greg Oden, Ira Winderman of the South Florida Sun Sentinel wonders what type of message it would send if the team used the taxpayer mid-level exception, worth about $3.2MM, on the injury-prone Oden only days after re-signing Chris Andersen, who contributed to their second straight title run, for about half the price. Winderman also speculates that the Heat could try to move Joel Anthony in a cost-cutting move that would easier allow them to ink Oden (Twitter links).
Kris Joseph, waived yesterday by the Celtics, will likely look to latch on with an NBA team in a training camp this fall. The Nets, with whom Joseph finished last season, are said to have interest in the forward, tweets Steve Bulpett of the Boston Herald, but are prohibited from signing him for a year after shipping him north in the deal to acquire Paul Pierce and Kevin Garnett.

Glen Grunwald Talks Smith, Anthony, Point Guard

July 16th, 2013 at 7:45pm CST by Alex Lee

While the Nets have stolen the NBA headlines in New York for the most part this offseason, the Knicks have been busy as well lately. Knicks general manager Glen Grunwald met with the media today, after adding Metta World Peace and re-signing J.R. Smith in the past week.

Grunwald said Smith's knees shouldn't be a long-term issue, which is why he had no qualms committing four years and $24.7MM to the reigning Sixth Man of the Year, tweets Ian Begley of ESPN New York. SNY's Adam Zagoria adds that the team is hopeful that Smith will be ready for the start of the regular season. Grunwald was no doubt responding to the concern that was expressed after news broke that Smith underwent knee surgery less than a week after the Knicks re-signed him. Grunwald said that the decision to hold off on the surgery came from Smith, who probably didn't want news of his surgery to impact free agency.
Grunwald also addressed the possibility of Carmelo Anthony opting out of his deal after the upcoming season, writes Zagoria, who opines that the situation could loom over the team like a black cloud. To no one's surprise, Grunwald stressed the team's desire to keep Anthony in New York long-term, saying, "We obviously love Carmelo. We think he's great for New York and New York's great for him." Anthony's player option for 2014/15 is for $23.5MM. Should he opt out, he would be eligible for a new five-year contract from the Knicks, adds Zagoria.
Grunwald confirmed that the team is looking to add a point guard to go behind Raymond Felton and Pablo Prigioni. Zagoria lists Aaron Brooks, Sebastian Telfair, Toure Murry and J.R.'s younger brother Chris Smith as possibilities to fill the role, but adds that Grunwald expressed interest in waiting until training camp to let it play out.

Atlantic Notes: Knicks, Smith, Celtics

July 15th, 2013 at 10:24pm CST by Zachary Links

Knicks fans got some unfortunate news this evening when the club announced that J.R. Smith has undergone patellar tendon surgery and an arthroscopy for a tear in the lateral meniscus of his left knee. He'll need three to four months to recover, putting him in line for a return between October 15th and November 15th, according to the club. The timing of the news is curious as the defending Sixth Man of the Year re-signed with the Knicks on a four-year, $24.7MM deal just last week. Here's more out of the Atlantic..

A league source told Jared Zwerling of ESPNNewYork.com that the Knicks knew that Smith would likely require surgery on his knee when they signed him to his new deal. Zwerling adds that an orthopedist once told him that about 60% of NBA players undergo knee procedures over the summer, many of which the public doesn't hear about (link).
At today's press conference introducing Kris Humphries, MarShon Brooks, and Keith Bogans to the Boston media, GM Danny Ainge admitted that there's still a lot of work ahead for him this summer. "I think everything is in flux for the next few months," Ainge said. "We have a little bit of a logjam at our big positions. We have a little bit of a logjam at the shooting guard position. So there’s some decisions and some choices that we’re going to have to make over the next few months."
Ainge went on to say that the Nets wanted a Dream Team at any cost, writes Mike Petraglia of WEEI.com in his wrapup of the presser.
Former Celtics guard Terrence Williams has left agent Aaron Goodwin and joined up with Herb Rudoy, according to Gary Washburn of the Boston Globe (via Twitter). You can keep track of everyone's representation with the Hoops Rumors Agency Database.

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