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Cavs Rumors: J.R. Smith Looking for Three-Year Deal Worth $24 Million

After opting out of his 6.4 million dollar player option for the 2015-16 season, J.R. Smith is looking for a new contract with the Cleveland Cavaliers for 2016 and beyond.

J.R. Smith looking for a 3 year deal starting around $8M per year according to a league source. #Cavs

— Probasketballdraft (@Probballdraft) June 28, 2015

The Cavs acquired Smith via trade from the New York Knicks mid-season and was immediately inserted the mercurial guard into the starting lineup opposite Kyrie Irving for a majority of the season.