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JR Smith re-signs with Cavaliers for four years, $57 million

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The Cavaliers made it official what was reported by ESPN's Marc Stein, Friday night, that J.R. Smith has agreed to terms with the Cavs on a contract.

Smith made a franchise record 204 3-pointers last season and was a major contributor during the Cavs' run to the first championship by a Cleveland team since 1964.

Smith can join his teammates tomorrow for the Cavaliers' final pre-season exhibition game against Washington in Columbus, Ohio, before Cleveland raise the championship banner in the October 25 season opener against Smith's former team, the visiting New York Knicks.

J.R. was really good part of that Championship team.

As for the contract extension, Smith earned it after averaging 12.4 points per game for the Cavs during their 2015-16 season.

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Over more than 839 games in a 12-year National Basketball Association career, Smith has averaged 13.2 points, 3.2 rebounds, 2.2 assists and 1.02 steals for New Orleans, Denver, New York and the Cavaliers. "He's a special part of this family and we are very pleased to have reached an agreement that we all can feel good about". During that time, Smith will already be 34 years old.

Smith nailed swish 3s all around the arc in his first practice since re-signing with the Cavs, and it appears he doesn't plan on slowing down anytime soon. He now ranks 17th in league history in 3-pointers made with 1,679.

After four months of back-and-forth negotiations, J.R. Smith has re-signed with the Cavaliers. 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 process, but I'm glad both ends were able to come to an agreement and get our starting two-guard back", said Lue, who isn't sure how much court time Smith would get against the Wizards or against the Knicks to open the regular season. "We get our rings, and I won"™t hold any personal vendetta against them. Smith could have joined the team on an early time and could have performed well; nonetheless, it is still interesting to know how that negotiation has gone so long.

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