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Knicks Exercise 4th Year On Iman Shumpert’s Contract

Guard Will Earn About $2.6 Million In The 2014-15 Season
Iman Shumpert #21 of the New York Knicks shoots during a preseason game against the Charlotte Bobcats on October 25, 2013 at Madison Square Garden. (Photo by Nathaniel S. Butler/NBAE via Getty Images)

Iman Shumpert #21 of the New York Knicks shoots during a preseason game against the Charlotte Bobcats on October 25, 2013 at Madison Square Garden. (Photo by Nathaniel S. Butler/NBAE via Getty Images)

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NEW YORK (CBSNewYork/AP) — The New York Knicks have exercised their fourth-year option on guard Iman Shumpert’s contract.

Shumpert averaged 6.8 points and 3.0 rebounds in 45 games, all starts, last season after returning from torn knee ligaments.

The 23-year-old was the No. 17 pick in the 2011 draft and was a first-team, All-Rookie selection. He will earn about $2.6 million in the 2014-15 season.

The Knicks announced the move on Monday.

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(TM and © Copyright 2013 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2013 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)