Key facts
- Landry Shamet has agreed to a four-year contract with the New York Knicks.
- The deal is worth $24 million.
- Shamet was a key player for the Knicks during their championship season.
- The Knicks are prioritizing retaining their championship roster.
- The team faces salary cap challenges, particularly concerning Mitchell Robinson.
Landry Shamet is returning to the New York Knicks on a four-year contract worth $24 million, according to sources familiar with the details. Shamet was a crucial player for the Knicks during their championship season, providing valuable outside shooting and defense. His re-signing is a significant move as the team aims to keep its championship core together.
The Knicks are navigating a challenging salary cap situation as they try to retain key players. Shamet's deal comes after Jose Alvarado also secured a multiyear contract. However, the financial implications of Shamet's new deal, combined with the potential cost of re-signing backup center Mitchell Robinson, could push the Knicks over the NBA's second apron. Madison Square Garden chairman James Dolan has indicated that the team will not exceed this salary cap limit.
Shamet's contributions were particularly notable in the postseason, where he hit 11 of 12 three-pointers against Cleveland in the Eastern Conference finals and shot 47.5% from behind the arc overall. Head coach Mike Brown has been a vocal supporter of keeping Shamet, emphasizing his importance on both ends of the floor. The team's ability to retain Robinson remains uncertain given the financial constraints.