New York Knicks guard Iman Shumpert will reportedly become a restricted free agent next summer, as the New York Knicks haven’t approached his camp about a contract extension.

Shumpert has been part of trade rumors for years now. He is eligible to sign a rookie scale extension between now and Oct. 31. Per ESPN:

New York still has about four weeks to start talks with Shumpert, but the feeling here is that it will be content to let him enter next summer as a restricted free agent.

 

The Knicks are trying to keep their salary commitments at a minimum for the summer of 2015 and 2016, when they hope to be active in free agency.

 

Inking Shumpert to an extension — which can be as long as four years — would eat up cap space for the 2015 and 2016 offseason.