Landry Shamet took a team friendly deal.
One of the more surprising things to happen so far in the early offseason for the New York Knicks was the news that they were signing playoff riser Landry Shamet to a four-year, $24 million contract to stay in New York.
The news that the Knicks were signing Shamet wasn't surprising because of any lack of interest in Shamet as the three point shooter made quite an impression during the Knicks' championship run by hitting clutch shots in both the Eastern Conference Finals against the Cleveland Cavaliers and against the San Antonio Spurs in the Finals.
Rather, it was surprising because the likelihood of signing Shamet had all but been written off because of owner James Dolan's announcement at the beginning of the offseason that he wouldn't allow the Knicks to enter the second apron of salary.
Shamet Could Have Gotten More
With that in mind and Shamet being one of the highest profile free agents from the championship roster alongside Mitchell Robinson, it seemed unlikely that Shamet would be making his way back to New York.
All of that changes after the report from Shams Charania of the intended signing, with an average annual value of $6 million being below what Shamet seemingly would have been offered from other prospective teams after he distinguished himself in the playoffs.
The plot of Shamet taking a hometown discount only thickened after more reports came in that Shamet had outright denied more lucrative contracts in favor of staying with the Knicks.
Shamet has been an under-the-radar role player for most of his career and played near the minimum this past season, earning around $3 million.
Future Discounts?
This offseason was Shamet's chance to truly get paid once again and capitalize on the momentum he generated for himself in the past few months. Instead, he took the financial hit to stay with the organization that truly embraced him and that he played a vital role in leading to a championship and now he's hoping to win more with them.
This move could set an interesting precedent for how the Knicks proceed the rest of the season, especially in regard to Robinson. He was deemed even less likely to return to the team than Shamet was considering that he made roughly $12 million this past season and would likely target a similar range, especially with how thin the free agent class of centers is this offseaosn.
But, if Shamet can take a hometown discount, Robinson may be similarly inspired and the once-thought out of reach idea of keeping the Knicks' championship roster could be more plausible than ever before believed.


