Jose Alvarados two-word response to new Knicks contract

Jose Alvarado is happy to be back in New York City.The Brooklyn native, who became one of the storylines during the Knicks’ run to their first title in 53 years, is signing a three-year deal to return, The Post confirmed Friday.

As reports of the deal first emerged, Alvarado seemingly confirmed the news of his return to the Big Apple on social media.“I’m home,” he wrote on X with blue and orange heart emojis.The Post’s Jared Schwartz reported that Alvarado declined his player option of $4.5 million to take a deal north of $14 million.Josh Hart and Karl-Anthony Towns both used emojis to salute Alvarado staying home in their posts on X.For the 28-year-old Alvarado, he’ll rake in roughly what he did if he had accepted his player option for next season, but with two more years tacked on at the end of the contract — unless his deal is descending or very backloaded.Celebrate with the New York Post highlighting Parade Day in NYC for the 2026 New York Knicks with a reprint of our issue from Friday, June 19.

Whether or not you were one of the millions of people who attended the parade, this framed cover from our June 19, 2026 issue is a must-have keepsake for any Knicks fan.This high-definition replica plaque is designed to keep the energy of that championship night alive forever on your office wall, fan cave, or living room shelf.

The Knicks, per the public comments of owner James Dolan, are trying to avoid the second apron — which is $222 million.It’s a total that they’re already not terribly far from.A rough estimate from ESPN front office insider and cap guru Bobby Marks notes that the team is already at about $208 million, $1 million shy of the first apron, and $14 million from the second apron.The second apron penalties are incredibly tedious and consequential.

Among the limitations, teams are not able to aggregate salaries to execute trades or execute sign-and-trades.First-round picks are “frozen” for the next s...