NBA Rumors: Landry Shamet’s $11M Wizards Contract Option Declined; Will Be Free Agent

Paul KasabianFeatured Columnist IIJuly 6, 2024

Stephen Gosling/NBAE via Getty Images

The Washington Wizards have declined their $11 million option on shooting guard Landry Shamet, making him a free agent, per ESPN’s Adrian Wojnarowski.

Adrian Wojnarowski @wojespnThe Washington Wizards are declining the $11 million option on guard Landry Shamet’s contract, sources tell ESPN. A career 38.4 percent three-point shooter, Shamet will join the free agent market. pic.twitter.com/WXVcK2oUKs

ESPN’s Bobby Marks provided more insight on the Wizards’ salary cap situation:

Bobby Marks @BobbyMarks42Washington sitting right at $16.5M below the luxury tax and first apron ($7M plus in Kuzma/Poole bonuses count).

The Wizards are hard capped at the $178.1M first apron. https://t.co/8j6U8e8V7C

Shamet, a six-year NBA veteran, averaged 7.1 points on 43.1 percent shooting (33.8 percent from three) in 46 games last season. The 6’4″ shooting guard is a lifetime 38.4 percent three-point shooter.

The 28-year-old played his college ball at Wichita State before the Philadelphia 76ers selected him with the No. 26 overall pick in the 2018 NBA draft.

Shamet shouldn’t have much issue finding a new home.

Per Michael Scotto of HoopsHype on June 24, Shamet had “exploratory trade interest” from the Los Angeles Clippers, Los Angeles Lakers, Dallas Mavericks, Utah Jazz, Toronto Raptors and Orlando Magic earlier this year.

Ultimately, he’s an experienced veteran and solid three-point shooter who’s now available on the free-agent market. It’s certainly possible that Shamet finds a new NBA home sooner rather than later.