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Knicks’ Jose Alvarado lands 3-year contract worth over $14 million
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- Knicks’ Jose Alvarado lands 3-year contract worth over $14 million
Knicks' Jose Alvarado lands 3-year contract worth over $14 million appeared first on ClutchPoints . Add ClutchPoints as a Preferred Source by clicking here .
While New York Knicks fans process what they just experienced and begin to educate themselves on the intricacies of that dreaded second apron , team president Leon Rose is already making moves. Jose Alvarado is declining his $4.5 million player option and plans to return to the newly-crowned NBA champions on a three-year, $14-plus million contract, according to ESPN's Shams Charania.
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The Knicks acquired the tenacious point guard from the New Orleans Pelicans at the Feb. 5 trade deadline, and they are eager to continue this prosperous relationship. The consensus is that New York 's most important free agent is center Mitch Robinson, whose physicality and top-notch rebounding excellently complements star big man Karl-Anthony Towns , but Alvarado brings valuable intensity in his own right.
The Brooklyn native made a visible impact despite logging a modest workload, averaging 6.6 points, 3.8 assists and 1.0 steal in 16.9 minutes per contest. He added energy throughout the 2026 NBA Finals, playing a key role in the Knicks' historic Game 4 comeback win over the San Antonio Spurs .
Alvarado's inefficient shooting can be a problem at times — 41.2 percent from the field and 34.9 percent from 3-point land through 296 games — but New York clearly values the depth and high motor he brings to the supporting cast.
The 28-year-old has gone on quite the journey during his NBA career. He went from undrafted to an important role player on a seemingly cursed franchise to a welcome midseason acquisition on a drought-ending championship team. What a ride. And it is still going.
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Jose Alvarado can now roll into the summer stress-free and prepare himself for his first full season with the Knicks.
Related: Knicks' Karl-Anthony Towns gives Jose Alvarado props for 3-year extension
