Choosing to forgo his $6.4 million player option for the 2015-16 season, J.R. Smith is very much available as an unrestricted free agent.
Smith's free agent case is a curious one, as he was brilliant after being traded to the Cleveland Cavaliers following a woeful start to the season with the New York Knicks. Up until a no-look slap to Boston Celtics' forward Jae Crowder in the first round of the playoffs, Smith was on his best behavior and appeared to be greatly matured around his veteran Cleveland teammates.
Smith is the ultimate free agent gamble.