Knicks, Landry Shamet Agree To One-Year Contract

3:39pm: Shamet’s one-year deal with the Knicks is non-guaranteed and he will compete with Garrison Mathews for a roster spot, according to Stefan Bondy of The New York Post (Twitter link).


2:53pm: 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.

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 is guaranteed — Shamet originally signed a non-guaranteed Exhibit 9 deal with New York last fall.

Shamet, 28, was the 26th overall pick of the 2018 draft after three college seasons at Wichita State. He spent time with the Sixers, Clippers, Nets, Suns and Wizards prior to signing with the Knicks in 2024.

Known for his shooting ability, Shamet appeared in 50 games last season after his season debut was delayed by a shoulder injury. He averaged career lows of 5.7 points and 1.2 rebounds in 15.2 minutes per game, though he did convert 39.7% of his three-point looks.

Once the signing is official, Shamet will be the 13th player under contract with the Knicks. All three of their two-way spots remain open, with Kevin McCullar Jr. still a two-way restricted free agent.

The Knicks are hard-capped at the second tax apron and don’t have enough room below that threshold to carry a full 15-man roster into the regular season. Given their proximity to their hard cap, the expectation is that their 13th man will be a veteran on a minimum-salary contract (like Shamet) and their 14th man will be a player whose draft rights they hold on a rookie minimum deal.

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