Jose Alvarado will return to the New York Knicks on a multiyear contract after declining his player option. He is negotiating a three-year deal worth over $14 million, according to sources. Acquired from New Orleans during the season, Alvarado played a key role in the Knicks’ playoff success, notably contributing in the fourth quarter of their historic comeback against San Antonio. He expressed his excitement on social media, declaring, “I’m home.”
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