Free agent shooting guard Landry Shamet is returning to the Knicks on a one-year contract, agent George S. Langberg tells Shams Charania of ESPN (Twitter link).
According to Ian Begley of SNY.tv (Twitter link), Shamet drew interest from other teams but he liked being part of New York’s locker room last season and wants to compete for a championship.
The Knicks are hard-capped at the second tax apron and only have enough room below that threshold to sign one veteran and one rookie to minimum-salary contracts, notes Keith Smith of Spotrac (via Twitter).
Shamet, who is entering his eighth NBA season, will earn $3,080,921 in 2025/26, while the Knicks will carry a cap charge of $2,296,274. We’ll have to wait and see if the contract as guaranteed — Shamet originally signed a non-guaranteed Exhibit 9 deal with New York last fall.
More to come…