New York guard Jose Alvarado is declining his $4.5 million player option and intends to sign a new three-year, $14-plus million deal to return to the Knicks, sources tell ESPN. Knicks made it a priority to retain the NY native who played key role on a historic championship team.
Jose Alvarado is returning to the Knicks on a new deal after declining his player option, as first reported by @ShamsCharania.
SNY's @IanBegley reports that Alvarado will return on a multi-year deal