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Report: J.R. Smith, Knicks nearing agreement

The Knicks and JR Smith are close to an agreement. (Ron Hoskins/Getty Images) The New York Knicks and free-agent guard J.R. Smith are close to an agreement. (Photo by Ron Hoskins/Getty Images)

Free agent guard J.R. Smith is nearing an agreement to re-sign with the New York Knicksreports Yahoo! Sports.

The Knicks and Smith are reportedly still finalizing years and options in the deal.

Smith was the league’s Sixth Man of the Year award winner after averaging 18.1 points and 5.3 rebounds a contest.  Smith is an unrestricted free agent after opting out of his $2.9 million player option for next year and could make up to $5.58 million with the Early Bird rights if he stays with the Knicks.

 GOLLIVER: NBA free agency 2013: Latest agreements, trades and rumors

The Milwaukee Bucks also reportedly had interest in Smith.
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