Knicks, Landry Shamet agree to 4-year, $24 million deal: report

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The Knicks are bringing their deadeye sharpshooter back to Madison Square Garden.

Unrestricted free agent guard Landry Shamet agreed to terms on a four-year deal worth $24 million to return to the Knicks on Monday, according to ESPN.

Shamet, marred by shoulder injuries in consecutive seasons, played on two veteran’s minimum contracts but earned a significant pay raise after his role in helping the Knicks win their first NBA title since 1973 in June.

The returning Knick owns the best 3-point percentage in a single playoff series in postseason history after shooting a tick under 92% from deep in the Eastern Conference Finals against the Cleveland Cavaliers.

Shamet averaged 9.3 points on 39% shooting from 3-point range with the Knicks last season. He shot 47.5% from deep in the playoffs last year and 46.7% from behind the arc in his first playoff run in New York.

Shamet is the latest Knick to return to New York after last season’s title run. The Knicks also re-signed Jose Alvarado to a three-year, $14.6 million deal and retained restricted free agent Mohamed Diawara on a four-year deal worth $10 million.

The Shamet re-signing almost guarantees Mitchell Robinson will not be returning to New York next season. Robinson is due a pay raise, but Knicks owner James Dolans mandated the front office stay below the $222 million second apron. After re-signing Shamet, the Knicks have just over $8 million remaining beneath the apron to round out the roster.

This is a developing story. Check back for details.

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