Guard J.R. Smith unsure if he will exercise option to remain with Knicks

Thursday June 7th, 2012

J.R. Smith Smith has 20 days to decide whether he will return to the Knicks next season. (Jeff Zelevansky/Getty Images)

Guard J.R. Smith, who gave the New York Knicks a boost when he signed with the club upon returning from China, has until June 26 to decide whether to exercise a player option to return to the team this fall for $2.44 million.

A New Jersey native, Smith told Al Iannazzone of the Newark Star-Ledger that he loves being so close to home. But if Smith elects to become a free agent, the most the Knicks could offer him is $2.8 million, and he could possibly make $5 million or more elsewhere -- although he says that $$$ are not foremost on his mind.

SI Apps
We've Got Apps Too
Get expert analysis, unrivaled access, and the award-winning storytelling only SI can provide—from Peter King, Tom Verducci, Lee Jenkins, Andy Staples, Grant Wahl, and more—delivered straight to you, along with up-to-the-minute news and live scores.