It’s official: J.R. Smith is back.
In a press release sent out Saturday, the Cleveland Cavaliers announced that J.R. Smith has re-signed with the Cavaliers. Smith first announced the move yesterday in a video posted to LeBron James’ ‘Uninterrupted’ vertical.
“Bringing J.R. back as part of our core group was a priority for us,” said Cavs GM David Griffin in the release. “He's a special part of this family and we are very pleased to have reached an agreement that we all can feel good about. We know he can't wait to get back on the court with his brothers and we are certain that everyone in this organization and city feels the same way.”
While the team did not disclose the terms of the deal, it’s been reported as being a four-year, $57 million deal. The last year of the deal, worth $12 million, is not guaranteed. As noted by ESPN’s Dave McMenamin, Smith’s new deal is worth just $500,000 less than he’s made to date in his first 12 years in the NBA.
At this point, it’s not clear if Smith will start on Tuesday in the Cavaliers’ next preseason game against the Washington Wizards.