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July 8, 2015 / 12:35 AM

F Smith bolts New York Knicks for Orlando Magic

New York Knicks Jason Smith plays defense in the first half against the New Orleans Pelicans at Madison Square Garden on Martin Luther King Jr. Day in New York City on January 19, 2015. Martin Luther King Jr. Day is observed on the third Monday of January each year, which is around King's birthday on January 15. Photo by John Angelillo/UPI

New York Knicks Jason Smith plays defense in the first half against the New Orleans Pelicans at Madison Square Garden on Martin Luther King Jr. Day in New York City on January 19, 2015. Martin Luther King Jr. Day is observed on the third Monday of January each year, which is around King's birthday on January 15. Photo by John Angelillo/UPI | License Photo

Free agent forward Jason Smith is leaving the New York Knicks for Orlando, reaching agreement with the Magic on a reported one-year, $4.5 million contract Tuesday.

The 29-year-old Smith averaged eight points and four rebounds for the Knicks last season, starting 31 games and playing in all 82.

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The NBA has a moratorium on making deals official until Thursday, but Smith confirmed the move on Twitter.

"So thankful for the opportunity the Knicks gave me this season truly a world class organization. Thank you New York!"

Smith's salary was $3.2 million with the Knicks last season. The 7-foot-1 journeyman has played with four teams in eight seasons after being drafted in the first round by the Miami Heat in 2007.

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