Jose Alvarado Returns to Knicks on Three-Year, $14M+ Contract

Jose Alvarado is staying with the New York Knicks after declining his $4.5 million player option to sign a new three-year deal worth over $14 million. The Brooklyn-born guard, who was a key contributor during the Knicks' recent championship run, turned down the open market to remain with his hometown team. The multi-year agreement ensures Alvarado remains a fixture in the Knicks' rotation as they look to build on their title success.