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Knicks' Smith declines option, to be free agent
NEW YORK (AP) The New York Knicks say JR Smith has declined his second-year contract option and will become a free agent.
The Knicks could still re-sign the reserve swingman, who averaged 12.5 points last season, when he becomes a free agent Sunday. He was scheduled to make about $2.5 million next season but could earn slightly more by signing a new deal with the Knicks.
Smith joined the Knicks in February after playing in China during the lockout. He informed the Knicks of his decision on Tuesday.
Updated June 26, 2012
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