J.R. Smith is back — for better or worse — and his presence in the lineup will take some of the scoring burden off Carmelo Anthony and possibly push Iman Shumpert closer to the exit.

“The rest of the league seems to value Iman more than the Knicks do,” said one Eastern Conference executive. “And his value is high.”

Including Shumpert in a deal for Rajon Rondo is something Mike Woodson would sign up for immediately but it’s also pure fantasy. Ask yourself, why would the Boston Celtics trade their best player to a hated rival that doesn’t have first-round picks to trade?

A more plausible scenario is moving Shumpert for Denver Nuggets forward Kenneth Faried, especially when you factor in the health of Amar’e Stoudemire and Kenyon Martin. Plus, the Knicks believe they have insurance in the backcourt with rookie Tim Hardaway Jr.