From ESPN News Services (I have no idea what “ESPN News Services” means):
Jose Alvarado is declining his $4.5 million player option and intends to sign a new three-year, $14-plus million deal to return to the New York Knicks, sources told ESPN’s Shams Charania.
The guard was acquired from New Orleans during the season and had a player option for $4.5 million for next season.
“I’m Home,” Alvarado wrote on X, ending his post with a series of orange and blue hearts.
Excellent news.
I imagine that that means that his opening salary is roughly the same as $4.5 million, and MIGHT even be a BIT lower. That will give the Knicks currently about $10 million under the second apron. If they deal Kolek or Dadiet, that could free up a little more money. I doubt you’re getting Mitch back for $10 million, but Kolek is $2,296,271 and Dadiet is $2,983,680. If you dump both, that lets you get to get close enough to $15 million to maybe squeeze Mitch and two minimum players in there. Ian Begley says that the Knicks are currently trying to do just that (trade some guys to free up money for Mitch or Shamet).
We shall see!
In any event, good to see Alvarado back.
4 replies on “ESPN.com: Sources: Jose Alvarado returning to Knicks on new 3-year deal”
But it was an overpay!!!!!
I don’t get it. They got Alvarado for basically nothing, no? Someone said that they overpaid? I remember everyone being shocked at how little New Orleans got for a guy that they could have just re-signed with Bird rights.
I’m glad he’s back. He was a Knick before we traded for him. But I saw on ESPN that Dadiet is now listed at 6’9″, amd it got me thinkin. What are the chances that he finally takes a step? He ha great form as a shooter..and he’s 3-4 inches taller than Shamet. Can we develop him on the defensive side of the ball? I mean- in Thibs’ last season Shamet was just a competitor on defense. This past season, he turned into one of our better defenders. I trust Dadiet’s jumper, but if we can get him to be a little better on defense, I don’t think there’s gonna be much drop off if we put him in the Shamet role. And besides- we do have Nickel as a designated sniper. With Dadiet being at least 6’7.5″, we can live with the small 2nd team backcourt.
Won’t matter if we lose Mitch though
I actually would like to keep Kolek if we can.
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