José Alvarado will remain with the Knicks. The 28-year-old guard declined his $4.5 million option for the upcoming season but agreed to sign a three-year contract worth $14 million.

The Brooklyn-born star (who plays for Puerto Rico’s national team) confirmed the deal by posting “I’m home” on Instagram.

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NBA – FIBA: “We are committed to moving forward with the plan to create a new league in Europe”

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EuroLeague Rejects NBA Proposal – Moves Forward with Expansion to 24 Teams

Playing as a backup to Jalen Brunson, he averaged 4.2 points, 1.4 rebounds, and 1.2 assists in 9.4 minutes per game over 18 playoff games.

*Photo source: AP