NBA Rumors: Orlando Magic "Not Considering" J.R. Smith as New York Knicks Near Deal, According to Reports

Though free-agent shooting guard J.R. Smith appears to be interested in the Orlando Magic, the feeling isn't mutual, reports Josh Robbins of the Orlando Sentinel: "Otis Smith indicated to the Orlando Sentinel that his team is not considering the 6-foot-6 guard," writes Robbins.

The other teams to which Smith has indicated his interest are the Chicago Bulls, Indiana Pacers, Los Angeles Clippers, Los Angeles Lakers, and New York Knicks. According to Ramona Shelburne of ESPN.com, the Clippers and Knicks are "the frontrunners to sign him," citing a source. Meanwhile, Frank Isola of the New York Daily News reports Smith will sign with the Knicks.

Smith would appear to fit Orlando's need for a dynamic scorer and shot-creator, and with the full mid-level exception at the Magic's disposal, they can offer more money than any of the teams on Smith's wishlist except for the Pacers. However, as Robbins notes, the Magic are close to crossing the luxury-tax threshold. In addition, Orlando already has Jason Richardson, J.J. Redick, and Von Wafer at shooting guard, with each under contract for at least one more season, so adding Smith would create a logjam at the position.

Smith, a seven-year veteran, owns career averages of 12.5 points, 2.8 rebounds, and two assists in 23.9 minutes, shooting 42.8 percent from the field and 37.1 percent on three-pointers.

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