JR Smith has agreed a new four-year deal with the New York Knicks, according to his agent Leon Rose.
Smith was offered a deal worth $24.7m and opted to sign it despite offers elsewhere, where he could have earned more.
Rose said to the New York Post: "He had other offers and interest, but he wanted to remain a Knick.”
Smith had been linked with a move to both Houston and Dallas, but neither team was willing to make an offer of $8m a year that could have persuaded Smith to move away.
The 27-year-old shooting guard enjoyed a good season in the NBA regular season last campaign, averaging 18.1 points per game, with 42.2 percent shooting accuracy.
But these stats dropped during the playoffs to 14.3 points per game and 33.1 percent shooting, although he was carrying an injury to his knee.
Smith said after his disappointing playoff display that he wanted to retire a Knick and after signing this latest contract, it seems he may well be true to his word.
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