The Knicks are working on a new deal for J.R. Smith (Updated 9:58 PM)

Debby Wong-USA TODAY Sports

It's not quite done.

Breaking news at this hour! The Knicks are very close to bringing back J.R. Smith. It's just a matter of the details. Frank Isola had it first (by a matter of seconds):

Adrian Wojnarowski adds:

Assuming the Knicks are going to pay J.R. the most they can pay him, this'll be a deal between two and four years averaging a bit over $5 million per year. Given their recent contract-shedding, I imagine the Knicks are pushing for two years, but I don't know how J.R.'s not even fielding official offers from other teams (that we've heard of) affects that. I will add updates when I see updates. Remember that, no matter what, nothing will be official until July 10.

For now: It sounds like J.R. Smith is gonna be a Knick again. EARRRRRRLLLLLLLLLLLL


Update (8:05 PM):

Eh?

Update (8:16 PM):

Man, Earl Smith is something else.

Update (8:31 PM):

Isola says the contract is for four years and league average salary, which is the absolute most it can be. No word yet on options or anything like that.

Update (8:43 PM):

Berman:

The Knicks have talked to Smith about a two-year package (worth roughly $11.5M). After the two years are up, Smith could then re-sign with the Knicks with full Bird rights and get a maximum contract. It is unclear which package Smith prefers.

Update (9:58 PM):

I changed the word "finalizing" to "working on", because the Smith deal doesn't sound as final as we initially thought. It still sounds to me like it'll get done and agreed upon, but maybe not for a couple days.

X
Log In Sign Up

forgot?
Log In Sign Up

Please choose a new SB Nation username and password

As part of the new SB Nation launch, prior users will need to choose a permanent username, along with a new password.

Your username will be used to login to SB Nation going forward.

I already have a Vox Media account!

Verify Vox Media account

Please login to your Vox Media account. This account will be linked to your previously existing Eater account.

Please choose a new SB Nation username and password

As part of the new SB Nation launch, prior MT authors will need to choose a new username and password.

Your username will be used to login to SB Nation going forward.

Forgot password?

We'll email you a reset link.

If you signed up using a 3rd party account like Facebook or Twitter, please login with it instead.

Forgot password?

Try another email?

Almost done,

By becoming a registered user, you are also agreeing to our Terms and confirming that you have read our Privacy Policy.

Join Posting and Toasting

You must be a member of Posting and Toasting to participate.

We have our own Community Guidelines at Posting and Toasting. You should read them.

Join Posting and Toasting

You must be a member of Posting and Toasting to participate.

We have our own Community Guidelines at Posting and Toasting. You should read them.

Spinner.vc97ec6e

Authenticating

Great!

Choose an available username to complete sign up.

In order to provide our users with a better overall experience, we ask for more information from Facebook when using it to login so that we can learn more about our audience and provide you with the best possible experience. We do not store specific user data and the sharing of it is not required to login with Facebook.

tracking_pixel_9347_tracker