According to Adrian Wojnarowski, J.R. Smith is “nearing an agreement on the richest contract in China Basketball Association History.”
Wojnarowski reports that the deal would pay him more than $3 million to play with Shanxi, but as we know, players that choose to sign in China will not have an opt-out clause to return to the NBA. Smith, who turns 26 Friday, is a seven-year veteran and an unrestricted free agent. If he signs, he’ll join Earl Clark, Wilson Chandler and Josh Powell as players we definitely won’t see in the NBA in 2011-12.