The Knicks have officially exercised their 2014/15 option on Iman Shumpert, the club announced today, ensuring that he will remain under team control, with a guaranteed salary, for the next two seasons.
Shumpert, a member of the 2011 draft class, will earn about $1.7MM this season, and then be in line for about $2.62MM in ’14/15. If the Knicks want to keep him in the fold long-term, the team could lock him up to an extension during the 2014 offseason. Otherwise, he’ll hit restricted free agency in the summer of 2015.
Shumpert’s fourth-year option was the only rookie contract decision due for the Knicks this week, but plenty of other teams will have until Halloween to decide on their own rookie scale players.
Source: Luke Adams Hoops Rumors Knicks Exercise 2014/15 Option on Shumpert by Matt Stein