The revelation that J. R. Smith had knee surgery Monday — just four days after signing a rich, new four-year contract — made the Knicks' investment look instantly suspect and possibly ill-advised. But the surgery was not a surprise to team officials. And the investment was not as extensive as first believed. Smith's deal covers a maximum of three years, with a total value of $17.95 million, not the four years and $24.5 million that was widely reported, including in The New York Times, last week.
Andy Lyons/Getty Images