Smith, Knicks have a deal

UPDATE: New York Daily News reports J.R. Smith has agreed to re-sign with the Knicks. Smith will get a four-year, $24.5 million contract to continue as New York's sixth-man.


The New York Knicks are hoping to have an offer in place by Friday to retain shooting guard J.R. Smith. While the Knicks hope to re-sign him, Smith plans to consider other options.