Knicks

J.R. Smith Declines Option, Expected To Re-Sign With Knicks

J.R. Smith of the Knicks. (credit: Chris Trotman/Getty Images)

J.R. Smith of the Knicks. (credit: Chris Trotman/Getty Images)

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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.

Do you want the Knicks to re-sign Smith? Be heard in the comments below!

(TM and Copyright 2012 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2011 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)