A person familiar with the deal has shared information about Jose Alvarado's future with the New York Knicks. According to this source, Alvarado will be returning to the team on a contract that spans multiple years. Details about the agreement are limited, but it is known that Alvarado had previously declined his player option.

The team and Alvarado are reportedly working on a three-year contract. For more information about the deal, readers can refer to the original source. Further specifics about the contract, such as its terms and conditions, are not available in this brief.

Interested readers can find more details through the Associated Press or other news outlets.