Free agent guard Landry Shamet intends to sign a new four-year, $24 million contract to return to the New York Knicks, per reports from ESPN. The agreement secures a long-term commitment for the veteran guard to remain in New York.
According to the report, Shamet's agent, George S. Langberg of GSL Sports Group, worked closely with Knicks executives on Monday to finalize the terms of the deal. The $24 million contract marks a significant multi-year investment by the franchise to retain Shamet as part of their core rotation.
Negotiations were completed early Monday, resulting in the four-year commitment. Shamet has been a key contributor for the Knicks, and this new deal ensures his presence in the backcourt for the foreseeable future. No further details regarding potential player or team options in the contract have been released at this time.
This is a developing story. Check back for updates.
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