POSTED: Oct 28, 2013 6:46 PM ET
NEW YORK (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.
Shumpert 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.