(CBS) –– According to the New York Daily News, the Knicks are close to signing free agent shooting guard J.R. Smith.

The former Denver Nugget is expected to receive the team’s $2.5 million cap exception.

Smith recently returned from China, where he had to finish his contract before returning to the NBA.

The Lakers could have only offered him about $450,000, the prorated portion of the veterans’ minimum.

Smith made $6.8 million last season with Denver.

Comments (2)
  1. deron says:

    The Knicks just added another one-dimensional player, they’ll score 110 ppg but they’ll give up 111. They thought that they could get far with two All-Stars, but both Amare and Carmelo are overrated one-dimensional players. These types of players do no lead a team to a championship – unless the coach instills a defensive mentality.

    http://theresastatforthat.blogspot.com/2012/02/nba-why-knicks-may-never-win-title-with.html

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