J.R. Smith has become a fan-favorite in New York with his amazing three point shooting and ability to catch fire at any point in the game. Smith joined the Knicks after his stint in China during the NBA lockout, as he did not have a lot of options when he returned.
Smith signed for the mini-midlevel exception of $2.5 million upon his return, with a player option for next year. However, despite all the success and attention he has been receiving in New York, chances look slim for him coming back next season.
Smith is expected to opt-out of his final year on the contract and is looking for a long-term deal, Pro Basketball Talk. The Minnesota Timberwolves, Los Angeles Clippers and Orlando Magic are teams who will likely express interest in Smith if he becomes an unrestricted free agent.
It looks like Smith is after a larger contract, and unfortunately for New York, it does not have enough money to offer him a lucrative deal.