The short-term deal allows the Knicks to add another big man while remaining flexible with cap space for the 2015 free agency period.
More from the Post:
[Knicks president] Phil Jackson had said he wanted another rebounding big man and Smith can block shots and shoot from long range. His price tag was manageable because he sustained a season-ending knee surgery, limiting him to 31 games last season.
Smith, who can play power forward and center, spent the 2013-14 season with the New Orleans Pelicans, where the 28-year-old averaged 9.7 points, 5.8 rebounds and 0.9 blocks in an injury-shortened campaign.
- Molly Geary