The Cleveland Cavaliers and J.R Smith have finally agreed on a four-year contract worth $57 million.
Since the start of training camp, contract negotiations between the Cavaliers front office and J.R Smith has been dragging on as both parties seemed to be far away from their evaluation of how much J.R was worth to the team financially.
Cavaliers teammates Lebron James and Kevin Love spent the last month lobbying for J.R. Smith to get rewarded with a contract after for his role in their championship win last season. Well looks like that contract hassle is over.
J.R in a video released on Uninterrupted.com announced the deal saying “We are extremely happy and proud to say we have agreed to terms to come back to the Cleveland Cavaliers, AKA the champs. AKA my brothers”
The 31-year-old was a major contributor last season for the Cavs on their way to the NBA finals averaging 12.4 points per game and shooting 40 percent on 3-pointers in 77 games.
In his 12 seasons in the NBA, Smith earned approximately $45.5 million. The new deal, which was first reported by ESPN gives Smith a guaranteed $45 million for the first three years of the deal, which was the $15 million per season he was looking for when negotiations opened this summer. If he stays for the fourth season, he will get an extra $12 million, taking his total earnings to $57 million.
“It’s been a long road. I appreciate everyone sticking with us through this rough patch of time,” Smith said on the video. “I know the holdout and everything has been long and tedious for everybody. But it’s extremely huge for us and we’re happy to be a part of the Cleveland family.”
When asked about the agreement, Cavs coach Ty Lue said “It’s great news, anytime you get your starting 2-guard back. [He was] a big part of what we did the last two years. It means a lot so hopefully we get the contract signed, and we’ll be going in the right direction.”
Lebron James has also expressed his happiness with the Smith deal.
So damn happy for my Lil bro!! Well deserved. Good things happens to good people. I can’t express how happy I am for you brother! Love https://t.co/cEGGwz3bdE
— LeBron James (@KingJames) October 15, 2016