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Iman Shumpert

J.R. Smith loses $1.5 million in free agency after re-signing with Cavaliers

J.R. Smith loses $1.5 million in free agency after re-signing with Cavaliers

J.R. Smith's decision to test free agency after reaching the NBA Finals for the first time in his career with the Cleveland Cavaliers has cost the shooting guard $1.5 million. Smith, 29, opted out of the final year of the three-year deal he had signed with the New York Knicks in 2013 worth $6.5 million in order to cash in as a free agent. But more than a month later, Smith is reportedly re-signing with the Cavaliers on a two-year contract that will pay him $5 million this season. "When I opted out of my contract, I wanted to understand the landscape of the NBA and where I fit best," Smith wrote on Instagram. "The Cavaliers had things they needed to do in...

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