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Free agent shooting guard J.R. Smith has turned down a contract from Chinese club Jiangsu, according to Emiliano Carchia of Sportando.
The offer was for $1.6 million, Carchia reported.
Smith was sent home by the Cleveland Cavaliers after 11 games last season. He was officially waived in July.
An Amico Hoops source said that Smith is still holding out hope he can latch on with an NBA team.
Smith, who turns 34 before the season, has also said he isn’t done playing . His agent, Rich Paul, has been trying to arrange meetings with teams in need of veteran perimeter shooting.
“Technically my whole career’s been in limbo, so this is easy for me,” Smith said before a celebrity softball game in Cleveland.
By waiving Smith July 15, the Cavs were able to avoid paying the entire portion of his salary next season. Instead, the Cavs will stretch the amount owed to Smith, around $4.3 million, over several seasons.
Smith was a member of the Cavs’ run of four straight trips to the Finals, including the championship season of 2016. But he averaged just 6.7 points on 34 percent shooting in 11 appearance last season.
The Milwaukee Bucks were among the teams to meet with Smith this summer.