J.R. Smith inks 4-year deal with the New York Knicks

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J.R. Smith signs with the Knicks

NEW YORK (PIX11) – J.R. Smith will remain a New York Knick after signing a four-year deal with the team, his agent Leon Rose revealed Thursday morning.

The deal, worth $24.7 million, was the maximum that the Knicks could offer their shooting guard as per the NBA Early Bird Rights.  Ownership is allowed to offer a maximum 7.5% increase over the player’s average salary.

The Knicks also announced that they reached an agreement with point guard Pablo Prigioni, who signed a three-year deal worth $6 million including incentives, his agent announced.

It will be a substantial payday for Smith, 27, who signed with the Knickerbockers last year for $2.8 million.  He had a career year, averaging 18.1 points — second only to Carmelo Anthony — and winning the Sixth Man of the Year award.