Report: J.R. Smith to opt out of Knicks deal

06/25/2013 4:08 PM ET
By Mike Tanowitz

Despite struggling in the postseason, J.R. Smith will test free agency.(AP)
Reigning NBA Sixth Man of the Year JR Smith will decline his player option with the New York Knicks for 2013-14 and test free agency, according to a report by Al Iannazone of Newsday.

Iannazone cites a source close to Smith as saying the reserve swingman will opt out prior to Tuesday's deadline, foregoing the $2.9 million he was due to make to test the open market.

Smith, 27, averaged 18.1 points and 5.3 rebounds per game last year en route to the Sixth Man of the Year Award, but his numbers slipped to just 14.1 points per game and 33 percent shooting from the field in the playoffs.

Even if he opts out, Smith's early Bird rights would still be owned by the Knicks, who can offer him a four-year deal with a starting salary of around $5 million.

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