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Smith, a restricted free agent, would prefer to remain in New York but he芒聙聶s also seeking a long-term deal. If Smith receives an offer exceeding $5.5 million annually, the Knicks will not have the salary-cap flexibility to retain the reigning Sixth Man of the Year. That uncertainty factored into the decision to draft Hardaway, who averaged 14.5 points last season while leading Michigan to the NCAA title game.