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J.R. Smith meeting with the Cavs this week to discuss a new deal, says he wants to come back

J.R. Smith also admits that opting out was a gamble, kind of.

Bob Donnan-USA TODAY Sports

J.R. Smith's foray into free agency has been rather quiet. Today, Smith spoke and somewhat explained what's going on.

In an interview with Joe Vardon of the Northeast Ohio Media Group, Smith said the he will meet with the Cavs this week to discuss a new deal and understands that he could make less next season. Smith became a free agent when he declined his player option worth $6.4 million with the Cavs in June. He is rumored to be seeking a between $7-$9 million a year.

Smith also noted that has received interest from other teams, but that he's waiting to see what the Cavs come back with. Specifically, Smith said he had some discussions about a deal with the Portland Trail Blazers. Still, Smith says he does not regret opting out, kind of. While noting that opting out is a gamble, he says it hasn't been all bad.

"'I've gotten offers that I wanted, I mean numbers that I wanted, it's just different situations," Smith told the NEOMG. "Right now it's just a matter of seeing what the Cavs come back to me with. Right now they give me the best opportunity to win."

Smith was good for the Cavs after being acquired from the New York Knicks midseason and was the Cavs' starting shooting guard for a long stretch. In the regular season, Smith scored 12.7 points per game and shot 39 percent from deep.

In the playoffs, however, Smith was suspended after striking Jae Crowder in the face and wasn't hitting nearly as many shots. Still, Smith seemed to fit in well with the Cavs and it helps that LeBron James wants him back. Smith made it known that he wants to be back too.

"I definitely want to come back to Cleveland," Smith told the NEOMG. "The coaches, the team, everything about the situation, it's perfect for me."

Now, it seems, we wait.