New York Knicks have officially re‑signed veteran guard Landry Shamet to a four‑year contract, securing his shooting for the next season and beyond. The deal, announced on June 29, 2026, keeps the 29‑year‑old on a roster that just beat the San Antonio Spurs 94‑90 (2026‑06‑14).
What are the contract details?
Shamet’s new pact totals $24 million over four seasons, but only the first two years are fully guaranteed. Spotrac lists the 2026‑27 salary at $5.3 million and the 2027‑28 salary at $5.7 million. The third year guarantees just $1.6 million of a $6.2 million salary, while the fourth year guarantees $1.7 million of $6.6 million. He also holds a player option for the 2029‑30 season, giving him flexibility if the Knicks’ roster evolves.
How did Shamet perform for New York?
Since joining the Knicks in 2024, Shamet has been a reliable perimeter threat. In the 2025‑26 campaign he appeared in 51 games, shooting 39.2% from the field and averaging 9.3 points, 1.8 rebounds and 1.4 assists per contest. During the Knicks’ playoff push, he knocked down 47.5% of his three‑pointers and contributed 6.0 points per game. His ability to space the floor complements Julius Randle’s post play and Jalen Brunson’s playmaking.
Why does this give the Knicks an advantage?
Retaining a proven shooter without entering the open market saves cap space and prevents rivals from adding a proven 3‑point specialist. The partially guaranteed structure protects New York if performance dips, while the player option lets Shamet decide his future after the 2028‑29 season. Coach Tom Thibsdale can now design more pick‑and‑roll sets knowing the perimeter will stay hot.
What does this mean for the Knicks’ upcoming season?
With Shamet locked in, the Knicks head into a 4‑game winning streak (WWWWL) and sit at 4‑0‑0 in their last five outings. The front office can focus on bolstering the frontcourt rather than scrambling for shooting depth. If the team maintains its recent form, the added stability could push the Knicks into the Eastern Conference playoff picture as the regular season winds down.
How does this fit into the Knicks’ broader strategy?
The contract reflects a trend of the Knicks using short‑term, partially guaranteed deals to retain role players while preserving flexibility. By securing Shamet now, New York avoids a costly free‑agency battle and keeps a veteran who knows the system. The move also signals to free agents that the Knicks are serious about building a balanced roster capable of competing deep into the playoffs.
