JR Smith and the Cavs Agree to Push Back Contract Guarantee Date to Mid-July

The Cavaliers have been on the lookout for awhile for a deal for swingman JR Smith, and while they haven’t gotten the right deal in their minds, they did come to terms with Smith Saturday on one thing.

Cleveland.com’s Chris Fedor reports that the Cavs and Smith have agreed to push back Smith’s contract guarantee date July 15, thus giving the franchise more time to find a trade partner.

As the report states, with the agreement Smith’s guarantee goes up from $3.9 million to $4.4 million.

If no deal is found by the Cavs by July 15th, there is an option to push it to August 1st.

Under the old agreement, the Cavs only had till Sunday to get a deal done or to flat out release Smith.

There were reports that the Cavs had offers on the table on draft night for Smith, but taking back multi-year salaries in return to deal Smith was something the team didn’t want to do.