- Report: Cavs had chance to acquire DeAndre Jordan in 2018 with LeBron James on team
- Report: Some Cavs veterans ‘resented’ Collin Sexton in 2018, wanted to trade for one last shot at title
- Video: Jarrett Allen catches a body as he posterizes Nets defender
- Video: James Harden delivers filthy through-the-legs pass to Kyrie Irving
- Kevin Porter Jr. shares emotional post as he bids goodbye to Cleveland Cavaliers
- Report: Darius Garland and Dylan Windler expected to play Friday night vs. Nets
- Report: Cavs saw James Harden potential in Kevin Porter Jr.
- Report: Nets list Kevin Durant as questionable ahead of Friday’s game vs. Cavs
- Report: Cavs viewed Kevin Porter Jr. as ‘untouchable’ and considered him ‘most talented’ youngster on roster
- Report: Cavs send Kevin Porter Jr. to Rockets for 2nd-round draft pick
Cavs News: J.R. Smith to Opt out of Contract and Enter Free Agency
- Updated: June 15, 2016
Smith had until Thursday to make a decision on his status and chose free agency, according to Chris Haynes of Cleveland.com. He was scheduled to make $5.4 million next year as part of his two-year, $10.3 million contract he signed last season.
The decision presumably comes as no surprise to the Cavaliers’ front office. One reason Smith chose to forego the second year is that it wasn’t fully guaranteed until September 17. Another is that the large increase in the team’s salary cap next season opens up additional available money.
While there’s no indication of how much Smith will be asking for, he’s likely to try and come close to teammate Iman Shumpert’s deal of $40 million for four years that was signed last year.
Though the possibility of Smith leaving exists, he doesn’t sound as if he’s looking elsewhere:
“This is where I want to be,” Smith said. “The fans love me; I love them and my teammates.”
The 30-year-old Smith will likely see a boost in salary, though the number of years the Cavs offer him is open to debate. He’ll be coming off a season in which he set a new single-season team record with 204 three-pointers, averaging 12.4 points and connecting from long-range at a 40 percent clip.