Jose Alvarado Reportedly Set to Sign Knicks Contract, Full Details Ahead of NBA Free Agency
The New York Knicks are reportedly set to re-sign guard Jose Alvarado on a three-year, $14-plus million contract, according to Shams Charania of ESPN.
Alvarado reacted to the news in a post on X, as did Josh Hart, who appears happy to have him back in New York. Karl-Anthony Towns also reacted to the news:
The 28-year-old Alvarado has played five NBA seasons after starring at Georgia Tech. The man nicknamed "Grand Theft Alvarado" for his defensive prowess and tenacity played his first four-plus seasons with the New Orleans Pelicans before being traded to the Knicks last February.
During the 2025 offseason, New Orleans signed Alvarado to a two-year, $9 million contract with a 2026-27 player option.
Alvarado averaged 7.4 points, 3.4 assists, 2.5 rebounds and 1.0 steals in 19.9 minutes per game. He shot 41.6 percent from the field and 35.2 percent from three.
He gave the Knicks great energy off the bench and proved to be a valuable asset and solid midseason acquisition en route to helping New York to its first NBA title since 1973.
Alvarado provided crucial minutes for the Knicks down the stretch of their amazing comeback win over the San Antonio Spurs in Game 4. Alvarado hit a key layup and then a clutch three-pointer to cut the Spurs' deficit to 104-100 en route to New York's 107-106 win after being down 81-52 in the third.
He also represented a great New York hometown story as well, as Alvarado was born in Brooklyn and went to high school at Christ the King in Queens.
Now the Knicks are keeping Alvarado around longer. He's been a great fit in town, and that should be the case moving forward.
