The Knicks will probably need to address keeping JR Smith at the end of the season and may well lose him to free agency. He signed a two year 5.6M deal before the 2013 season with a player option for his second year. The Knicks have his early bird rights and will be able to offer him 104% of last years avg. NBA salary of 5.04M or a 5.25M 1st year salary/23M 4 year deal. JR is 21st in the league in scoring right now and if you look at the guys clustered around him in the leading scorers there are a lot of guys that are max contract players or demanding max contracts like Josh Smith and Brandon Jennings.
He was underpaid last year and we're underpaying him this year. I think he's a 8-10M player maybe more with his durability and new found maturity and aggressive penetrating. I hope we can keep him but don't count on he'll re-sign with the Knicks because Woody is a "father figure" as a reason he resigns with the Knicks.