Landry Shamet intends to sign four-year, $24 million deal to stay with Knicks: report

Landry Shamet appears to be staying in New York after it was reported that he intends to sign a four-year, $24 million contract with the Knicks, confirms SNY NBA Insider Ian Begley.

The deal was first reported by ESPN’s Shams Charania.

Begley also reports that Shamet’s decision to re-sign with the Knicks and avoid free agency means that he turned down the opportunity for bigger offers elsewhere to defend the title — offers that were coming had he become a free agent.

Instead, the shooting guard will remain in New York for the long-term after spending the last two seasons with the Knicks and averaging 7.5 points in 101 games (12 starts). According to Begley, bringing back Shamet was a priority for the club. He becomes the second player to return after winning the NBA Finals following the contract extension to Jose Alvarado.

If the Knicks stay under the second apron, it will be very difficult for them to retain Mitchell Robinson now, per Begley.

Shamet has played for six teams in his eight-year career and has averaged 8.4 points across 449 games (109 starts). During that time, he’s also made the playoffs seven times and is a great option off the bench.