By Eurohoops team/ info@eurohoops.net
The Cleveland Cavaliers and J.R. Smith have reached agreement on a four-year, $57 million deal, sources told ESPN’s Marc Stein on Friday.
The fourth year of the deal is not fully guaranteed, sources told ESPN’s Brian Windhorst.
The deal kicks the Cavs‘ payroll to a record $125 million, and they are in line to pay around $30 million in luxury taxes. They paid a record $54 million in luxury taxes last season.
The Cavs and Smith had been in talks after the guard did not pick up his $5.3 million player option for the 2016-17 season in July. It made him an unrestricted free agent after he averaged 12.4 points, 2.8 rebounds, 1.7 assists and 1.1 steals per game and hit 204 3-pointers in 77 starts for Cleveland.