Jose Alvarado returning to Knicks on $14 million contract after declining player option

Jose Alvarado reacts during the Knicks' June 8 game.One of the first dominoes of the Knicks’ offseason now has clarity.  Jose Alvarado declined his $4.5 million player option for next season, but he’s returning on a three-year deal worth over $14 million, according to ESPN.The decision allowed him to, instead of playing on the one-year option, sign a multiyear deal that carries a lower average annual value than that $4.5 million.That is crucial because the Knicks are operat