The New York Knicks have exercised its third-year option on guard Iman Shumpert.

Shumpert, 6-5, 220-pounds, averaged 9.5 points, 3.2 rebounds, 2.8 assists and 1.71 steals (seventh in NBA) over 28.9 minutes in 59 games (35 starts) last season en route to being named to the NBA All-Rookie First Team. He was selected in first round (17th overall) in 2011 NBA Draft.