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JR Smith reportedly will sign four-year extension with Knicks

JR Smith KnicksJR Smith said after the New York Knicks lost to the Indiana Pacers in the playoffs on Saturday that he wants to retire as a Knick. We can’t say whether or not he’ll be able to fulfill that wish, but it does look like he’ll be able to remain with the team for a while.

The New York Post’s Marc Berman reports that Smith is expected to opt out of his current contract to sign a four-year extension with the team. Berman says that the team could offer Smith around $5 million per season because of their Early Bird rights to him, though we do not know if another team will be able to offer Smith more. Berman also says that Smith and his brother, Chris, who played at Louisville, will be a package deal. Chris Smith was undrafted but played on the Knicks’ Summer League team. He got hurt and was waived before training camp.

The Post also says that Chris Smith has changed agents to Carmelo Anthony’s agent, for what that’s worth.

Chris Smith seems pretty excited about the potential package deal:

JR Smith played part of 2011-2012 in China after signing there during the lockout. He returned and played the remainder of the season with the Knicks, but he did not receive much free agent interest. He signed a two-year deal for worth around $2.8 million per season prior to this season, and he was named Sixth Man of the Year.

Chest bump to Eye on Basketball


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