J.R. Smith announced on Instagram that he signed a new contract with the Cleveland Cavaliers. Smith, 29, averaged 12 ppg. last season between the Knicks and Cavs.
https://instagram.com/p/6oG0NDNfH-/?taken-by=teamswish
Details of Smith’s deal with Cleveland:
J.R. Smith, Cavs agree to two-year deal, league source tells @Clevelanddotcom. Will earn $5 million next season and player option on second.
— Chris Haynes (@ChrisBHaynes) August 21, 2015