NEW YORK (WFAN/AP) — The Knicks say J.R. Smith has declined his second-year contract option and will become a free agent.
The Knicks could still re-sign the reserve swingman, who averaged 12.5 points last season, when he becomes a free agent Sunday. He was scheduled to make about $2.5 million next season but could earn slightly more by signing a new deal with the Knicks.
“He wants to return to the Knicks,” a source told Al Iannazzone of Newsday.
The Knicks “remain confident” Smith will re-sign, the New York Post reported Tuesday.
Smith joined the Knicks in February after playing in China during the lockout. He informed the Knicks of his decision on Tuesday.
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