Knicks To Add Landry Shamet, Waive Matt Ryan

The Knicks have agreed to a standard contract with guard Landry Shamet, ESPN’s Shams Charania reports. It’s a one-year deal, James Edwards III of The Athletic tweets.

To make room for Shamet and remain under the second-apron hard cap, the Knicks have waived forward Matt Ryan, the team’s PR department tweets.

It’s not surprising New York brought back Shamet. who dislocated his shoulder during the preseason while participating in Knicks training camp. He remained with the Westchester Knicks in the G League while rehabbing his injury and the NBA club was simply waiting for him to get back to full strength. Coach Tom Thibodeau commented on Shamet’s status a week ago.

“It’s good to see him out there healthy again,” Thibodeau said then. “(But) there’s a number of things that have to happen before he can play with us.”

Shamet was likely to make the opening night roster prior to the injury. He  had signed a non-guaranteed, minimum-salary contract during the offseason.

He was waived before opening night. Shamet appeared in 46 games with Washington last season and averaged 7.1 points in 15.8 minutes per contest. He has also played for Philadelphia, the Los Angeles Clippers, Brooklyn and Phoenix in 348 total regular season outings.

Ryan was inked to a non-guaranteed contract in early November and appeared in nine Knicks games, but logged very few minutes in those outings.

Assuming he goes unclaimed on waivers, Ryan will count for $621,439 in dead money on New York’s books. The cap hit for Shamet’s contract will depend on when he officially signs — if it’s officially finalized on Monday, the deal will carry a cap charge of $1,343,690 for the Knicks.

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