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Knicks add J.R. Smith, waive Renaldo Balkman

The New York Knicks have officially signed ex-Denver Nuggets star J.R. Smith, the team officially announced Friday night, according to ESPN.com.

Smith indicated earlier in the day via Twitter that he was making the move.

Details of the contract have not been released, but the report states that the Knicks have waived forward Renaldo Balkman to free up space.
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