The Sixers could make a run at Smith and get their shooter.
Though 2015-16 was not Smith's best season overall, it was one of his most efficient. One of them is J.R. Smith, who will most probably stay with the team. Understandably however, he is not Cleveland's only key piece of business this offseason. The veteran helped his Cleveland Cavaliers win the title this past season and is now reportedly looking to cash in big time.
Despite the large sums of cash being thrown around to mediocre players during the summer, multiple National Basketball Association teams have the cap room to absorb a deal that would pay Smith $15 million annually.
Furthermore, given Smith's age (he'll be 31 in September) and history of being somewhat unreliable from week to week, any big, long-term contract is a gamble for the Cavs.
Smith and the Cavs have been in discussions for some time.
LeBron James informs Cavs he will re-sign with team
As it is, there's really no expectation that Smith will move on from the Cavaliers. With the salary cap set to increase once again, that will put him in position to earn as much money as possible when he signs a max contract. Additionally, this late in the game, there arguably isn't a player on the open market who could replace Smith's production.
JR Smith is still without a team in 2016 free agency and there are rumors that the holdout with his contract situation with the Cleveland Cavaliers is that the shooting guard is demanding about $15 million per season. However, during an ESPN interview, Smith admitted that he gets "nervous" weighing the decision to re-sign with the Cavs or try to play for another team.
Ultimately, this could be resolved without issue. It also benefits Smith that he is represented by James' agent Rich Paul.
The Cavs can re-sign him but the team will take a huge hit with the luxury taxes since they are way above the cap.