Suns sign Landry Shamet to four-year, $43M extension

The Suns are signing guard Landry Shamet to a four-year, $43M rookie scale contract extension, agent George Landberg tells ESPN’s Adrian Wojnarowski (Twitter link).

The deal is almost identical to what a four-year deal using the full mid-level exception is projected to look like in 2022-23.

Shamet has yet to appear in a regular season game for Phoenix, having been acquired from Brooklyn in an offseason deal. However, as Wojnarowski notes (via Twitter), head coach Monty Williams pushed for that trade and is planning on having Shamet play a big role for the Suns.

The 24-year-old has bounced around the NBA since entering the league as the 26th overall pick, having already spent time with the Sixers, Clippers, and Nets. However, he has been considered a positive asset each time he has been traded — the Suns gave up Jevon Carter and the No. 29 pick for him this summer.

Shamet has also been a reliable outside shooter for each one of his teams so far, knocking down 39.7% of his career three-point attempts in 193 games. In 2020-21, he averaged 9.3 PPG in 61 games (23.0 MPG) for the Nets.

Even though the Suns were said to be high on Shamet, it’s still a little surprising that the team completed rookie scale extensions with two players this offseason and former No. 1 overall pick Deandre Ayton wasn’t one of them. Mikal Bridges also received a four-year deal from Phoenix, but extension negotiations with Ayton stalled and ended.

Outside of Ayton, the Suns now have their entire core locked up for multiple seasons. Devin Booker is under contract for the next three years, while Chris Paul‘s contract covers four seasons.