{"id":3048,"date":"2026-06-26T21:38:49","date_gmt":"2026-06-26T21:38:49","guid":{"rendered":"https:\/\/metrotransitreview.com\/?p=3048"},"modified":"2026-06-26T21:38:49","modified_gmt":"2026-06-26T21:38:49","slug":"jose-alvarado-returning-to-knicks-on-14-million-contract-after-declining-player-option","status":"publish","type":"post","link":"https:\/\/metrotransitreview.com\/?p=3048","title":{"rendered":"Jose Alvarado returning to Knicks on $14 million contract after declining player option"},"content":{"rendered":"
\n

One of the first dominoes of the Knicks\u2019 offseason now has clarity.\u00a0\u00a0<\/p>\n

Jose Alvarado declined his $4.5 million player option for next season, but he\u2019s returning on a three-year deal worth over $14 million, according to ESPN.<\/p>

Read more US military strikes Iran \u2014 in payback for \u2018unwarranted\u2019 drone attack on cargo ship<\/a><\/p>\n

The decision allowed him to, instead of playing on the one-year option, sign a multiyear deal that carries a lower average annual value than that $4.5 million.<\/p>\n

That is crucial because the Knicks are operating in accordance with owner James Dolan\u2019s wishes to stay below the second apron and have a tight budget in order to do so.\u00a0<\/p>\n

Alvarado\u2019s deadline for the decision was originally on Monday, but he and the Knicks agreed to push it back to Friday, after the NBA draft.\u00a0<\/p>\n

He emerged as a key bench piece for the Knicks\u2019 championship run, providing the Knicks with a true backup point guard that they lacked before his arrival. <\/p>\n

He also added a bit of snarl and feistiness to a team that, at the time, needed it.\u00a0<\/p>\n

They acquired him \u2014 after a series of moves that started with sending away Guerschon Yabusele \u2014 just ahead of the deadline.\u00a0<\/p>\n

President Leon Rose recently praised Alvarado as one of his best under-the-radar moves in building the Knicks into champions.\u00a0<\/p>\n

\u201cThat was huge,\u201d Rose said on the \u201cRoommates Show\u201d podcast, \u201cbecause we did need another ball handler, we needed another person that could put it on the floor and take some of the pressure off.\u201d<\/p>\n

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Knicks Merch Shop<\/h3>\n
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\n2026 Knicks Championship Plaque<\/span>\n<\/h4>\n<\/div>\n
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\n\t\t\t\t\tThis premium commemorative plaque features the iconic front cover of the\u00a0New York Post<\/em>\u00a0from the Knicks\u2019 historic 2026 NBA Finals victory.\t\t\t\t<\/p>

Read more Exclusive | Devastated dad reveals last time he spoke to his 4 \u2018happy\u2019 kids \u2014 before grandma allegedly poisoned them and her daughter<\/a><\/p>\n<\/div>\n

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\n2026 Knicks Championship Plaque \u2013 Back Cover<\/span>\n<\/h4>\n<\/div>\n
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\n\t\t\t\t\tThe walls of any true fan require this plaque of our back cover from June 14, 2026 featuring Brunson and the boys celebrating their win.\t\t\t\t<\/p>\n<\/div>\n

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\nFramed 2026 Championship Front & Back Cover Wrap<\/span>\n<\/h4>\n<\/div>\n
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\n\t\t\t\t\tThe \u201cOur Team, Our Title\u201d wrap from our June 15, 2026 print edition set behind acrylic plexiglass and framed in black ayous wood.\t\t\t\t<\/p>\n<\/div>\n

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\n2026 Knicks Championship Final Edition<\/span>\n<\/h4>\n<\/div>\n
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\n\t\t\t\t\tGrab a copy of our paper from June 14, 2026 celebrating this huge moment for Knicks fans and New York City as a whole.\t\t\t\t<\/p>\n<\/div>\n

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\nYear of the Knicks Book<\/span>\n<\/h4>\n<\/div>\n
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\n\t\t\t\t\tA front-row chronicle of New York\u2019s historic 2026 championship season!\t\t\t\t<\/p>\n<\/div>\n

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\nOMG Hat<\/span>\n<\/h4>\n<\/div>\n
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\n\t\t\t\t\tOMG, indeed! This adjustable hat says what we were all thinking during this intense championship run.\t\t\t\t<\/p>\n<\/div>\n

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\nOMG Women\u2019s Tee<\/span>\n<\/h4>\n<\/div>\n
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\n\t\t\t\t\tNo three letters are more appropriate right now.\t\t\t\t<\/p>\n<\/div>\n

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\nCover Print \u2013 May 26, 2026<\/span>\n<\/h4>\n<\/div>\n
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\n\t\t\t\t\tOwn this piece of history with our cover celebrating the Knicks\u2019 sweep over the Cavs.\t\t\t\t<\/p>\n<\/div>\n

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\"\"<\/figure>\n\n<\/div>\n
\n

\nKnicker Bonkers: The New York Knicks\u2019 Wild NBA Championship Run To End A 53-year Title Drought<\/span>\n<\/h4>\n<\/div>\n
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\nKnicker Bonkers<\/em> chronicles the historic championship run that united NYC. Featuring NY Post analysis and vivid photos, relive the magic of MSG.\t\t\t\t<\/p>\n<\/div>\n

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\n<\/div>\n

His playing time varied, but by the postseason and Finals, he was playing critical minutes. <\/p>\n

Alvarado memorably scored eight points and drilled two 3-pointers during the Knicks\u2019 historic comeback in their 107-106 win in Game 4 of the Finals.\u00a0<\/p>\n

Alvarado, 28, is also a local kid, having been born in Brooklyn and played high school basketball at Christ the King.\u00a0<\/p>

Read more Spooky discovery on mysterious Mount Shasta after horseback riders follow \u2018apocalyptic\u2019 sounds: \u2018Summoning something\u2019<\/a><\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

Jose Alvarado declined his $4.5 million player option for next season, but he’s reportedly returning on a three-year deal worth over $14 million.<\/p>\n","protected":false},"author":1,"featured_media":3047,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22,23],"tags":[],"class_list":["post-3048","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-nba","category-new-york-knicks"],"yoast_head":"\nJose Alvarado returning to Knicks on $14 million contract after declining player option - Metro Transit Review<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/metrotransitreview.com\/?p=3048\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Jose Alvarado returning to Knicks on $14 million contract after declining player option - 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