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Renaldo Balkman

Knicks sign J.R. Smith, waive forward Renaldo Balkman

The New York Knicks signed J.R. Smith on Friday, hoping his 3-point shooting can improve one of their biggest weaknesses.The timing may be risky with the Knicks playing their best basketball of the season, but the Knicks think Smith will be worth the risk."We just felt that it was an opportunity to acquire a very good basketball player and to help us in a way that I think we're in need of," interim general manager Glen Grunwald said. "He's a talented offensive player, shoot the ball, he can get to the rim, he can run the floor, so we just felt it was the right fit for what sort of we'd be facing the rest of this year."Smith is returning to the NBA from China, where he signed to play during the lockout. He was ineligible to return until his team had completed its season and FIBA, basketball's governing body, had given him clearance.Smith had declared his intentions to reunite with former Denver teammate Carmelo Anthony earlier in the day on Twitter, saying "New York Knicks it is!"The Kn...

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