Jose Alvarado to sign three-year deal to stay with Knicks

Jose Alvarado plans to decline his $4.5 million player option and sign a new three-year deal worth over $14 million to remain with the New York Knicks. The Knicks prioritized retaining Alvarado, who played a significant role in their recent championship run. His return is expected to enhance the team's depth as they prepare for the upcoming season. Alvarado's decision aligns with his desire to contribute further to the franchise, which has shown commitment to building around their key players.

• 9:46 PMYahoo Sports — Jose Alvarado plans to sign three-year deal to return with Knicks