Nuggets re-sign sharp-shooter Smith with multiyear deal

Updated: August 22, 2008, 9:16 PM ET
ESPN.com news services

DENVER -- The Denver Nuggets re-signed guard J.R. Smith to a multiyear contract on Friday.

NBA front-office sources told ESPN.com's Marc Stein that Smith received a three-year deal worth a guaranteed $16.5 million.

Smith averaged 12.6 points for the Nuggets over the past two seasons and was a restricted free agent after receiving a one-year qualifying offer from Denver worth $3.04 million. The Nuggets would have had seven days to match any offer sheet Smith received but managed to ...

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