Landry Shamet has agreed to a four-year, $24 million contract to return to the New York Knicks, the team announced Monday. The deal marks a significant pay raise for Shamet, who had spent the previous two seasons on veteran minimum contracts while recovering from consecutive shoulder injuries.
Shamet played a notable role in the Knicks’ recent success, helping the team capture its first NBA championship since 1973. He posted a historic performance in the Eastern Conference Finals against the Cleveland Cavaliers, hitting just under 92% of his three-point attempts in a single playoff series—the best such mark in postseason history. Over the course of last season, Shamet averaged 9.3 points per game with a 39% three-point shooting percentage, while elevating his efficiency in the playoffs to 47.5%. His first playoff appearance with New York saw him shoot 46.7% from beyond the arc.
This re-signing extends through the 2029-30 season, when Shamet will be 33 years old. The agreement solidifies the Knicks’ roster core following their championship run, alongside recent re-signings of guard Jose Alvarado and restricted free agent Mohamed Diawara. Alvarado signed a three-year, $14.6 million deal, while Diawara agreed to a four-year contract worth $10 million.
Shamet’s return likely signals a departure for center Mitchell Robinson, who had been expected to receive a pay raise. Knicks owner James Dolan has instructed the front office to maintain team salaries below the NBA’s second luxury tax threshold of approximately $222 million. With Shamet’s new contract, the Knicks have roughly $8 million remaining under this cap to complete their roster for the upcoming season.
During the 2022-23 campaign, Shamet appeared in 51 games, starting 12 under first-year head coach Mike Brown. He was active in all 19 playoff matches en route to the title and scored a combined 26 points in the first two games of the NBA Finals against the San Antonio Spurs. Between the second round and the Finals, Shamet made 23 of 34 three-point attempts, demonstrating his value as a dependable perimeter shooter.
Despite significant interest from other teams in free agency for his sharpshooting and defensive versatility, Shamet and the Knicks agreed to continue their partnership. The roster for the upcoming 2026-27 season now includes the full starting five, sixth man Miles McBride, and emerging talents Tyler Kolek and Pacome Dadiet, alongside Shamet, Alvarado, and Diawara.