The New York Knicks are acquiring point guard Jose Alvarado from the New Orleans Pelicans in exchange for Dalen Terry, two second-round picks and cash, sources told ESPN’s Shams Charania.
Alvarado, who is from Brooklyn, has carved out his niche in the NBA as a stingy defender and hard worker after going undrafted. He started his career on a two-way deal with New Orleans in 2021 and was later converted to a standard deal after impressing the team with his play.
Editor’s Picks
1 Related
Alvarado, 27, is averaging 7.9 points and just under one steal per game this season. Nicknamed Grand Theft Alvarado, the diminutive point guard is best known for his ability to steal inbounds passes when opposing teams least expect it.
Alvarado signed an extension with the Pelicans last season and has a player option worth $4.5 million for next season.
The Knicks reportedly acquired Terry from the Chicago Bulls in exchange for Guerschon Yabusele and he is now being rerouted to New Orleans. Terry, 23, is on an expiring contract and will be a free agent this summer.