Landry Shamet’s newly signed four-year contract with the New York Knicks is worth exactly $23,978,467, beginning with a first-year salary of $5,490,967.
The agreement guarantees the first two seasons in full before shifting to partial guarantees over the final two years.
Shamet’s 2028/29 salary carries a partial guarantee of $1,581,241, while his 2029/30 player option includes a partial guarantee worth $1,690,292.
Jose Alvarado also finalized a new contract with the Knicks, agreeing to a three-year deal valued at $14,384,484.
His cap hit for the 2026/27 season will be $4,439,656.
The final season of Alvarado’s contract, which pays approximately $5.15 million, is only partially guaranteed, with $2,765,516 protected.
Contract Details: Diawara, Sanders, Shamet, Alvarado, Oubre, More https://t.co/9RcWjLdoTg
— Hoops Rumors (@HoopsRumors) July 8, 2026
