Landry Shamet agrees to 4-year, $24M deal to stay with Knicks
Landry Shamet intends to sign a four-year, $24 million contract with the defending champion New York Knicks, multiple outlets reported Monday. Sources told ESPN's Shams Charania that the 29-year-old guard will re-sign ahead of free agency, keeping a key bench shooter who helped New York end a 53-year title drought.
Key Takeaways
- Shamet and the Knicks agreed to a four-year deal worth $24 million, per ESPN and Hoops Rumors.
- The veteran guard averaged 9.3 points and shot 39.4% from three during the 2025-26 regular season.
- Shamet turned down expected bigger offers elsewhere to stay with the champions.
- The pact helps New York retain a rotation piece while staying below the second tax apron.
- Mitchell Robinson remains unlikely to return unless ownership shifts on apron spending.
What deal did Landry Shamet agree to with the Knicks?
According to ESPN, Shamet plans to ink a four-year, $24 million contract to remain in New York. Hoops Rumors reported that the Knicks and the free-agent guard reached an agreement on those terms, with Charania as the sourcing reporter.
The deal averages roughly $6 million per season and gives Shamet long-term security after spending most of the past two seasons on minimum-salary contracts. Free agency officially opens Tuesday, but New York moved early to secure one of its most reliable role players.
Why does keeping Landry Shamet matter for the Knicks?
Shamet returned from a right shoulder sprain this winter and appeared in 51 regular-season games, averaging 9.3 points, 1.8 rebounds, and 1.4 assists in 23.0 minutes. He has been a steady outside threat since the start of the 2024-25 season, knocking down 39.4% of his three-point attempts.
His value spiked during the Knicks' championship run. Shamet made 29 of 61 threes (47.5%) across 19 playoff appearances off the bench, including an 11-of-12 showing from deep during New York's Eastern Conference Finals sweep of Cleveland. Bleacher Report noted he posted 6.0 points per game in the postseason while shooting 47.5% from beyond the arc.
How does the Shamet contract affect New York's cap plans?
Knicks owner James Dolan said shortly after the title that he had no intention of operating in the second tax apron in 2026-27. That raised questions about whether New York could bring back important role players, including Shamet and backup center Mitchell Robinson.
Ian Begley of SNY reported that Shamet was expected to draw bigger offers on the open market but chose to re-sign and defend the title. Cap analyst Yossi Gozlan noted the club can still stay below the second apron by filling out the roster with minimum-salary players. The Knicks have also retained Mohamed Diawara and Jose Alvarado ahead of free agency.
What comes next for Shamet and the Knicks?
Shamet will head into his ninth NBA season after stints with the Philadelphia 76ers, Los Angeles Clippers, Brooklyn Nets, Phoenix Suns, Washington Wizards, and Knicks. ESPN's Tim Bontemps reported in May that there was belief Shamet would sign a new deal, and Monday's news confirmed that trajectory.
Robinson still appears likelier to leave unless Dolan changes course on second-apron spending. For now, Shamet gives coach Mike Brown a proven floor-spacing guard who thrived when the spotlight was brightest. For more trending coverage, browse our Future Tech & AI Wonders section.