Breaking: Cavs and J.R. Smith agree to a sweet four year deal worth over $50 million
it looks like the J.R. Smith contract standoff is over. According to Marc Stein of ESPN, the Cavs and Smith have agreed to a four-year, $57 million deal. The deal will pay him $14.25 million annually.
J.R. Smith and the Cavs have come to terms on a four-year $57 million deal, league sources say
— Marc Stein (@ESPNSteinLine) October 15, 2016
The Cavs previous offer was a four year deal around $42 million, which would have paid him a little over $10 million a year. Now that Smith has been re-signed, the Cavs can go back to focusing on the rest of the preseason as well as the title defense this season.