According to league sources, the Cleveland Cavaliers and J.R. Smith have come to terms on a four-year deal worth $57 million. The deal will guaranteed the guard $45 million over the first three years of the agreement. League sources relayed to ESPN’s Brian Windhorst the fourth year of the contract is not guaranteed.
Yesterday Smith said in a video posted to Uninterrupted
We are extremely happy and proud to say that we have agreed to terms to come back to the Cleveland Cavaliers, aka the champs, aka my brothers. It’s been a long road. I appreciate everybody sticking out through this rough patch of time. I know this holdout and everything else has been long and tedious for everybody, but it’s extremely huge for us. We’re happy to be a part of the Cleveland family and just want to take it one day at a time.
In a statement, Cavs’ General Manager David Griffin had this to say:
Bringing J.R. back as part of our core group was a priority for us. 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.”