Knicks' Smith to Indiana?

The New York Knicks had recent conversations with the Indiana Pacers about a trade that would send G J.R. Smith to the Pacers in exchange for Chris Copeland.  The Knicks are looking to clear cap space for the upcoming off season and Copeland has an expiring deal.  Smith on the other hand has a player option that he can exercise limiting the franchise's cap space.  Despite the recent conversations, the Knicks aren't looking to make a deal until December 15th when more pieces can be added if necessary.