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Jose Alvarado is staying with the Knicks.
The reserve guard, who was traded midseason from the New Orleans Pelicans, will decline the $4.5 million player option for the 2026-27 NBA season and will remain in New York on a multi-year deal, according to SNY NBA Insider Ian Begley.
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Begley noted that Alvarado was a key piece in helping the Knicks win their first NBA title in 53 years, and the organization has been “prioritizing his return this offseason.”
The deal is reportedly for three years and at least $14 million, according to ESPN.
In his fifth season in the NBA, Alvarado, a Brooklyn native, enjoyed much success in New York while playing for the team he grew up rooting for in the city he grew up in.
“I’m Home,” Alvarado posted on social media shortly after the news broke.
As the backup point guard to Jalen Brunson, Alvarado averaged 6.6 points, 3.8 assists, 2.0 rebounds, and 1.0 steals per game and saw action in 28 contests (three starts) for the Knicks. During the team’s championship run, the 27-year-old averaged just 9.4 minutes per game, but saw an increased role in the NBA Finals against the San Antonio Spurs, which included a great fourth quarter in Game 4 while playing alongside Brunson and the rest of the starters.
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In addition to his numbers on the stat sheet, Alvarado showed great energy on and off the bench upon joining the Knicks and played with passion and hustle on the court, specifically on defense, endearing himself to New York fans everywhere.
After his performance on the biggest stage, Alvarado, who went undrafted in the 2021 NBA Draft, is hoping to turn that into a significant and long-term payday this offseason.
Source link : https://sports.yahoo.com/articles/jose-alvarado-signing-multi-deal-211500085.html
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Publish date : 2026-06-26 21:15:00
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