NEW YORK, NEW YORK - JUNE 23: Jose Alvarado of the New York Knicks is seen on the red carpet prior to Round One of the 2026 NBA Draft at Barclays Center on June 23, 2026 in New York City. (Photo by Arturo Holmes/Getty Images) | Getty Images New York Knicks point guard Jose Alvarado is here to stay at home, according to ESPN insider Shams Charania.“New York guard Jose Alvarado is declining his $4.5 million player option and intends to sign a new three-year, $14-plus million deal to return t