Knicks Signed Landry Shamet to Four-Year Extension

Following a championship season, the team secured the shooter with a new $24 million contract.

Updated on Sept. 30, 2026 in Basketball

Knicks Signed Landry Shamet to Four-Year Extension

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The New York Knicks signed Landry Shamet to a four-year, $24 million contract extension following the team's 2026 NBA Finals victory. The deal follows a one-year stint where Shamet returned to the roster after rehabilitating a shoulder injury.

Why it matters

The extension secures a key perimeter threat who proved vital during the team's first title in 53 years. Because of strict salary cap constraints, the team was limited to a minimum deal during the previous offseason before eventually retaining him long-term.

Shamet averaged 9.3 points per game while shooting 39% from three-point range during the 2025-2026 regular season. He notably shot 11 of 12 from deep during the Eastern Conference Finals.

The players

Landry Shamet

He is an NBA player known for his perimeter shooting who contributed to the Knicks 2026 championship run.

New York Knicks

This is a professional basketball team based in New York City that recently ended a 53-year championship drought.

Mike Brown

He is a professional basketball coach who received congratulations from peers during the team's successful playoff series.

Gregg Popovich

He is a long-tenured professional basketball coach and executive based in San Antonio.

The details

The Knicks retained Shamet’s rights by using a G League draft pick while he recovered from a shoulder injury in Westchester. After rejoining the active roster in December 2024, his performance helped the team overcome a long title drought.

Shamet arrived at his first Knicks training camp in 2024.
He returned to the active Knicks roster in December 2024.
The team won the NBA championship during the 2026 NBA Finals.

Season Trajectory

This move solidifies the core rotation for the New York Knicks as they transition from title contenders to defending champions. Retaining efficient shooters like Shamet is essential to maintaining the competitive balance established during their historic 2026 run.

The four-year deal provides the Knicks with long-term salary stability while ensuring high-percentage perimeter shooting remains on the court. His ability to maintain a 39% success rate from three-point range remains a critical spacing factor for the team's offensive efficiency.

The takeaway

Securing proven perimeter shooters remains the most effective strategy for teams looking to capitalize on championship momentum. Fans can anticipate that depth players with high shooting percentages will continue to see market value increases after deep playoff runs.