Knicks re-sign guards Jose Alvarado and Landry Shamet to new contracts

The Knicks have strengthened their guard depth for the upcoming season by re-signing Jose Alvarado and Landry Shamet. Alvarado signed a three-year, $14 million contract after declining his $4.5 million player option, while Shamet agreed to a four-year, $24 million deal. Both guards played crucial roles during the Knicks' championship run, providing depth and scoring in key moments. This reinforcement of their backcourt comes as the team looks to repeat their success, maintaining chemistry built during the previous season. The Knicks are aiming to stay competitive without exceeding salary cap restrictions as they build towards another playoff contention.

• 1:47 PMYahoo Sports — Knicks secure their guard depth for the future as NY looks to repeat