NBA

J.R. agrees to $24.7M contract with Knicks; Prigioni also re-signs

J.R. Smith has accepted the terms of a new 4-year, $24.7 million contract this morning, his agent Leon Rose told The Post.

Smith, who was seeking a significantly higher offer elsewhere, will make roughly $6 million per year, starting at the league’s average salary of $5.75M. It was the most the Knicks can offer under the early-bird rights rules since Smith played only two seasons for the Knicks. Smith will have a player opt-out after the third year.

Knicks point guard Pablo Prigioni also agreed to terms as expected with the Knicks. It’s a two-year with a non-guaranteed third year. Prigioni will receive $1.5 million of the $3.18 million mini mid-level exception.

Prigioni tweeted Thursday: “I’m very happy to remain part of this great team. Thank you for the trust and support of all.”

It is unclear what role Smith will play this season but the Sixth Man of the Year sat down with coach Mike Woodson over the weekend at Amare’s Stoudemire’s wedding bash to talk about it. Smith could conceivably start next season – something he wished for last year.

Earl Smith, his father, told The Post last night that his son still could receive a higher offer elsewhere, but his agent felt the market wasn’t there for Smith to receive what he was looking for – a $10 million per year offer. Smith would’ve left the Knicks if he received either a 3-year, $30 million offer or a four-year, $36M offer but his market value wasn’t that high after a poor playoff in which he was suspended one game for elbowing Jason Terry and shot 33 percent.

The Knicks conceivably could have a starting lineup of Raymond Felton, Smith, Iman Shumpert, Carmelo Anthony and Tyson Chandler.

Earl Smith isn’t sure Smith got his market value.

“I’m diehard Knick fan, but I want to see my son get justice,’’ Earl Smith told The Post last night. “We know the Knicks only have so much money because of early bird rights. But if some team offers a crazy amount of money, like $10 million per, he’ll probably go there. We’ll see what happens. He’s not signing yet.’’

Two of his suitors, Houston and Dallas, were waiting to see if they landed Dwight Howard before making an offer for Smith Friday. But Howard, according to a report, may not make up his mind until after the weekend. The Rockets were considering a four-year package for Smith. There is no state income tax in either Texas city.