Knicks Acquire Camby; Re-sign J.R. Smith

Adrian Wojnarowski (@WojYahooNBA)
7/9/12 7:52 PM
Camby has agreed to a three year, $13.2 million deal with the Knicks, source tells Y! The final year includes a partial guarantee.
Moke Hamilton (@MokeHamilton)
7/10/12 2:21 AM
It’s official: J.R. Smith re-signs with the Knicks. 2 year deal, for $5.7M, but J.R. will opt out next summer for “early-bird” rights.

Last night was a busy night for the Knicks, bringing back Novak and J.R., while acquiring Marcus Camby via sign-and-trade.  While some may complain about losing Harrellson and some second rounders, the Knicks are in win now mode these next 3 years, evident by the length of almost every contract on their books. 

With the bench looking in tact, I would expect them to seek one more guard for depth, with around $2 million to spend using Dan Gadzuric’s non-guaranteed contract.  Either way, if the Knicks second unit is Kidd, J.R., Novak, Camby and either Melo or STAT to run with them, I am very impressed.  Cheers, Glen.

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