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Whether the championship hangover has anything to do with Jose Alvarado’s taking his time to decide on his future, we don’t know for sure. What we know, according to reports emerging late Monday, is that Jose won’t make a final call on whether or not to execute his player option until Friday, June 26, instead of the initial date set for yesterday, June 22.
Alvarado can return to the Knicks without having to negotiate at all if he picks his $4.5 million player option, which will delay his unrestricted free agency until July 2027. He can opt out of it, however, and become a UFA next week, forcing the Knicks to renegotiate a deal in the open market to bring GTA back to Manhattan, while fighting against other potential external bidders.
Jake Fischer reported the development on X, adding a very interesting spin to it.
“While the reigning champion New York Knicks assess their trade options for picks No. 24 and 31 in this week’s NBA Draft, sources say reserve guard Jose Alvarado has agreed to move the decision date on his $4.5 million player option for 2026-27 from tomorrow, June 22, back to June 26.”
According to Fischer, the Knicks are discussing draft-day trades and talking with other teams about potential packages involving their No. 24 and No. 31 selections, with New York also in possession of the No. 55 pick.
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Truth be told, nobody should be surprised about this report nor the possibility of the Knicks moving one—if not more—of their draft picks, following James Dolan’s second-apron comments a few days ago.
The New York Post quoted ESPN’s Bobby Marks on Tuesday as he explained New York’s cap situation, potential moves, and implications. Most importantly, the first-round pick at No. 24 comes with a pre-assigned guaranteed salary of $3.6 million. No second-round pick has a guaranteed deal set from the get-go, with teams and prospects negotiating their contracts afterward.
“I think there’s still a priority to re-sign your own free agents, even if it means exceeding the second apron.
“I think there’s two ways to look at (the No. 24 pick). There’s that way where you’re moving…
Source link : https://sports.yahoo.com/articles/report-knicks-trade-talks-jose-075541165.html
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Publish date : 2026-06-23 07:55:00
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