J.R. Smith’s new contract with the Knicks is only for three seasons

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When word surfaced that J.R. Smith underwent knee surgery that would keep him out of action for the next three-four months, Knicks fans weren’t all that happy to hear that a player their favorite team just signed to a four-year contract was one that had been experiencing chronic knee issues.

While there isn’t anything different to report on the injury front where Smith is concerned, there is some positive news that’s come out in terms of the deal he just signed — as it turns out, it wasn’t quite as large as was widely reported originally.

From Howard Beck of the New York Times:

Smith’s deal covers a maximum of three years, with a total value of $17.95 million, not the four years and $24.5 million that was widely reported, including in The New York Times, last week.

The precise terms were confirmed Tuesday by a rival team executive and a second person with access to the contract. Despite the intense scrutiny of the deal, Knicks General Manager Glen Grunwald made no attempt to correct the erroneous reports during a 16-minute conference call with reporters Tuesday.

The contract calls for Smith to make $5.57 million next season and $5.98 million in 2014-15, with a third-year player option at $6.4 million.

An update came later that said Smith originally did agree to a four-year deal, but later opted for three years to become a free agent again sooner.

That’s a pretty big difference, though — not only in terms of the total value of the deal, but also in the lack of a fourth year the team would potentially be on the hook for down the line.

As mentioned in the Times story, it speaks to the famously (and unnecessarily) secretive Knicks organization that it took this long for these details to be revealed. But either way, if Smith’s knees are indeed something to be concerned about in the future, having him under contract for three years instead of four is definitely advantageous for the New York franchise.

Rumor: Patrick Beverley may meet with five teams before Clippers

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The Los Angeles Clippers want to bring Patrick Beverley back next season, his spark was at the heart of why this team made the playoffs and impressed with their potential.

First, however, the Clippers are going big game hunting for the likes of Kawhi Leonard and/or Kevin Durant (even with the Achilles injury). Beverley isn’t just going to sit around and wait for them, reports longtime NBA reporter Sean Deveney Tweeted.

The Bulls need a point guard and Beverley — a Chicago native — has said he is interested.

The Lakers also are reportedly big game hunting, but Beverley is the kind of guard they could use around LeBron James and Anthony Davis. Phoenix and other teams have been mentioned.

Beverley is going to have options, but he loved his time with the Clippers last season, and that means something.

Pelicans reportedly pick up option year on coach Alvin Gentry

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David Griffin, the guy with the hammer in New Orleans, likes Alvin Gentry. They have a relationship that goes back to Phoenix, where Gentry was the coach and Griffin was in the front office (and was eventually GM).

Gentry also has a style of play — he wants to run and be up-tempo. That should fit very well with soon-to-be No. 1 draft pick Zion Williamson.

So it shouldn’t be a surprise the Griffin and the Pelicans want to keep Gentry around, as reported by Malika Andrews of ESPN.

This is another smart, stabilizing move by Griffin. The Pelicans want to build an athletic, fast-paced team and Gentry is the right coach for that style.  Maybe it doesn’t pan out, maybe the Pelicans ultimately need to go another direction with their coach, but right now this seems a good fit.

Report: Utah “frontrunner” to land Mike Conley Jr. if Memphis trades him this week

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Utah feels like it is close — a 50-win team two seasons in a row, an elite defense, an All-NBA center in Rudy Gobert and an elite shot creator in Donovan Michell. They look at the West next season, with a depleted Warriors team, and see an opening.

Yet when Utah fell to Houston 4-1 in the first round of the playoffs this year, it was reminded of what is keeping the team from being truly elite, and another shot creator and shooter is at the top of that list.

Enter Mike Conley Jr. He averaged 21.1 points and 6.4 assists per game last season, shot 36.4 percent from three, and plays strong defense. Conley would be an upgrade over Ricky Rubio at the spot.

The almost All-Star point guard out of Memphis is available via trade. He’s the kind of veteran floor general, shooter, and shot creator Utah could use. The Jazz and Grizzlies talked but couldn’t come to an agreement at the trade deadline, but the sides are talking again and conversations are “intensifying” in the run-up to the NBA Draft Thursday, reports Shams Charania of The Athletic.

The Grizzlies are intensifying talks to potentially move franchise cornerstone Mike Conley Jr., league sources told The Athletic. Memphis has been in conversations with the Jazz and Utah is a frontrunner to acquire Conley should the Grizzlies trade the point guard during draft week, league sources said.

What would be in a trade package? Certainly the No. 23 pick in this draft, plus some young players the Grizzlies like (maybe Grayson Allen, Royce O’Neal, and even someone like Jae Crowder. Reports say Derick Favors is not part of the discussion.

While anything can happen the week of the draft — and things change quickly — don’t be surprised if some version of this trade gets done.

Kawhi Leonard wins day with last laugh — his viral laugh — at end of speech

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Kawhi Leonard just won again.

He won his second NBA title leading the Toronto Raptors to the franchise’s first crown. He earned his second Finals MVP in the process.

Then on Monday he had the last laugh and won the Raptors’ championship parade in Toronto by ending his speech with his laugh, the same one that went viral at the start of the season.

Of course, what Leonard will do on July 1 was a cloud hanging over the parade, Leonard is a free agent this summer. Kyle Lowry at one point started a “five more years” chant during the parade, which is the maximum number of years Toronto can re-sign Leonard for.

Leonard, exactly as we all should have expected, dodged the question, while praising his time in Toronto.

Unfortunately, this was a parade marred by more serious concerns.