Cleveland Cavaliers guard JR Smith has opted out the last year of his contract with the franchise and shall enter free agency. The Cavs star is keen on a new deal with management, according to Shams Charania of Real GM,. The management, too, is showing a share of interest in it, which can keep Smith at Cleveland in the foreseeable future.
The Cavs which acquired Smith from the Knicks along with Iman Shumpert in January now look forward to retain the star, who’s worth $6 million as per the last year of his existing three-year contract with the New York Knicks which he signed for in 2013. Smith was named sixth man of NBA’s 2012-13 season prior to signing the Knicks’ contract.
Smith’s teammate Kevin Love also opted out of the contract on Wednesday. Smith earlier revealed his plans of opting out of the contract after the the NBA Finals to ESPN’s Chris Broussard and the Northeast Ohio Media Group’s Chris Haynes. The ace guard averaged 12.7 points per game with Cavs but couldn’t shoulder the responsibilities in the absence of Kyrie Irving in the recently concluded Finals. Unless another team comes with a bigger offer, it’s likely that Smith will stay at Cleveland for two or three years in a new contract less than $6 million, which would help him to secure more money in aggregate.