- Posted: 5:26 PM, June 25, 2012
With the raise, Smith can make close to $2.8M next season on a one-year deal with the Knicks. Smith prefers a one-year deal because that would give him Bird rights next summer. It is unlikely a team will outbid the Knicks but Smith will get a chance to shop around. He has stated repeatedly he wants to stay with the Knicks because he considers the New York area his home.
The new collective bargaining agreement allows the Knicks to re-sign Smith without using any of their mid-level exception.
Smith is suing his Chinese team for $1M to recoup the fines levied against him for allegedly missing 80 practices, among other violations.