Knicks Acquire Jose Alvarado from Pelicans via Trade

jose alvarado

The Brooklyn native is returning home after four and a half seasons in Louisiana

The New York Knicks have reached an agreement with the New Orleans Pelicans to acquire Jose Alvarado. Heading the other way are Dalen Terry, two future second-round picks and cash considerations.

The Brooklyn native is returning home after four and a half seasons in Louisiana.

This season, Alvarado — who holds a $4.5 million player option for the 2026–27 season — was averaging 7.9 points and 3.1 assists in 21 minutes per game.

His addition allows the Knicks to remain below the second apron, preserving the flexibility needed to sign a 15th player.

The news was first reported by Shams Charania.

 

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