May 16, 2013; New York, NY, USA; New York Knicks shooting guard J.R. Smith (8) during the fourth quarter against the Indiana Pacers in game 5 of the second round of the 2013 NBA Playoffsat Madison Square Garden. Knicks won 85-75. Mandatory Credit: Anthony Gruppuso-USA TODAY Sports

J.R. Smith to Opt Out of Contract With New York Knicks, Become Free Agent


The controversial J.R. Smith has decided to out out of his contract with the New York Knicks, but he says not to worry Knick fans – he’s coming back.

We’ll see what the Knicks front office says about that.

Hoping to secure a long term, more lucrative deal, the gunner decided to opt out of his deal today which would have paid him just shy of $3 million dollars for the upcoming season.

Per the New York Daily News:

J.R. Smith will officially inform the Knicks on Tuesday of his plans to file for free agency.

The Sixth Man of the Year will not exercise the clause in his contract to “opt in” to the final year of his deal that would pay him $2.9 million. It is just a formality since it has been known for months that Smith, coming off his best NBA season, intended to become a free agent on July 1st.

The Knicks have expressed interest in having Smith return but with many teams looking to spend money this offseason, will the Knicks be able to afford him? Do they even want to?

Tags: JR Smith New York Knicks