J.R. Smith has reportedly been offered less by the Cleveland Cavaliers than the $6.4 million player option for the 15-16 season he declined to become a free agent this offseason.

With free agency well into its second month, the Philadelphia 76ers and Portland Trail Blazers are the only other teams that can offer Smith a raise.

Smith continues to wait for the Cavaliers to improve their offer, but his best bet may be a one-year deal.