NBA Free Agency 2013: Breaking Down Latest Signings

The NBA's free-agency period continues to roll on this summer as big names quickly get snatched up throughout the Association.

Most recently, some big-time sharpshooters were re-signed by their respective teams, while a player who helped the Los Angeles Lakers out last season changed cities.

Here's a look at the latest signings throughout the NBA, complete with analysis.

Hawks Re-Sign Kyle Korver

The Atlanta Hawks agreed to a four-year, $24 million deal with sharpshooter Kyle Korver, Marc Stein of ESPN.com reported on Thursday.

Korver was reportedly pursued by the Milwaukee Bucks, San Antonio Spurs and Brooklyn Nets. He turned down a three-year, $21 million offer from the Bucks and a two-year offer from the Nets valued at under $10 million.

The Hawks will be relieved to be able to retain Korver. The 32-year-old forward knocked down 46 percent of his three-point attempts last season in 74 games (60 starts).

Cavaliers Sign Earl Clark

The Cleveland Cavaliers signed Earl Clark to a two-year, $9 million deal on Thursday, according to Tom Withers of AP Sports, via Yahoo! Sports.

Earl Clark showed promise in January and February last season with the Los Angeles Lakers. He averaged 10.3 points on 50 percent shooting in January and 10.9 points on 45 percent shooting in February.

That being said, he shot 41 percent for the season and Synergy rated him as the third-worst defender in the entire league with at least 200 plays defended, per ESPN.com.

The Cavaliers are hoping the the four-year forward can compete with Alonzo Gee, C.J. Miles and 2013 draft pick Sergey Karasev for the starting small forward spot.

Knicks Re-Sign J.R. Smith

J.R. Smith and the New York Knicks agreed to a four-year, $24.7 million deal on Thursday morning, according to Smith's agent Leon Rose, per Ian Begley of ESPN New York. Smith's deal reportedly contains a player option for the fourth year.

Smith was courted by the Milwaukee Bucks, Detroit Pistons and Dallas Mavericks, according to Begley's report, but the 27-year-old shooting guard preferred to stay with the Knicks.

Smith averaged 18.1 points while shooting 36 percent from downtown last season, earning NBA Sixth Man of the Year honors in the process.

On the other hand, he only shot 33 percent from the field and 27 percent from beyond the arc in the playoffs. That may be why players such as J.J. Redick and Kevin Martin agreed to more lucrative deals this summer.