Reports: Knicks, J.R. Smith agree to four year deal

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Happy Fourth of July, Knicks fans.

We told you yesterday the two sides were getting close, now multiple reports and word from his agent confirm that the Knicks and J.R. Smith have agreed to terms on a new deal that will keep the NBA’s Sixth Man of the Year racking up points for the Knicks next season and beyond.

Smith should be happy because his salary just more than doubled.

That salary is the max the Knicks could offer having Smith’s Early Bird rights (it starts at 104 percent of the league average salary, or about $5.4 million next season, then goes up with raises from there). Four years for a player who turns 28 before next season should not be a big issue.

This is a signing the Knicks needed, Smith is a key part of their success and they would have had a hard time replacing his production. Smith, 27, was the second leading scorer on the Knicks averaging 18.2 points a game and shot 42.2 percent overall, 35.6 percent from three. Smith can be frustrating because he takes a lot of bad, contested jump shots, the thing is he makes more of those than he should. On the nights those shots are falling he lights up Madison Square Garden.