Jose Alvarado Declines Player Option, Signs Three-Year Deal with Knicks

Jose Alvarado declines his player option to sign a three-year, $14 million contract with the reigning NBA champion New York Knicks, confirming the move with 'I'm home' on social media.

Pulse Daily 06/28/2026 12:14

Jose Alvarado Declines Player Option, Signs Three-Year Deal with Knicks — Alvarado Signs Three-Year, $14M Deal with Knicks

Jose Alvarado has declined his player option to sign a three-year contract with the reigning NBA champion New York Knicks, according to ESPN. The deal is worth approximately $14 million.

Alvarado Confirms Move with Social Media Post

Alvarado confirmed the news with a brief social media post stating, “I’m home,” accompanied by orange and blue hearts, the colors of the Knicks.

Part of Championship Team

Alvarado was a member of the Knicks team that won the 2025-2026 NBA championship. His new contract will keep him with the team for three more seasons.