Ian Begley ‏@IanBegley
J.R. Smith has re-signed with the #Knicks, league sources tell ESPNNewYork. Smith's deal is for 2 years, $2.8 mil w/player option for 2nd yr

Ian Begley ‏@IanBegley
The 2 yr deal, worth $2.8 per year season, will give the #Knicks Smith's early bird rights heading into the 2nd year, Smith's option yr.

Ian Begley ‏@IanBegley
In a statement to http://ESPNNewYork.com, Smith said, 'I just felt that, despite my other options, NY is the best situation for me.' (cont'd)

Ian Begley ‏@IanBegley
Smith added, 'Coach Woodson showed a lot of faith and trust in me last season, as did Mr. Dolan & the organization.' (cont'd)

Ian Begley ‏@IanBegley
Smith added, 'My teammates are great to play with and the NY fans are the best. I can't wait to get started.' #Knicks