Jose Alvarado declines player option, returns to Knicks on new deal

Jose Alvarado has chosen to decline his $4.5 million player option for next season and will re-sign with the Knicks on a multi-year deal. His return is part of New York's offseason strategy, particularly following his role in helping secure a championship. Alvarado, acquired by the Knicks in a midseason trade, was instrumental during the team's successful playoff run. Confirmation of the agreement was reported on June 26, 2026.

• 9:46 PMYahoo Sports — Alvarado was a key piece for the world champs and …