Jose Alvarado will return to the New York Knicks on a multiyear contract, a person with knowledge of the deal told The Associated Press on Friday. Alvarado declined his player option and is working with the NBA champions on a three-year deal, according to the person who spoke to the AP on condition of anonymity because the contract was not yet finalized. ESPN first reported the plan, saying Alvarado would make more than $14 million with the new deal.
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