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Knicks Exercise 4th Year On Iman Shumpert's Contract

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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