By Luke Adams | at February 5, 2026 11:33 am
New York native Jose Alvarado is heading home, according to Shams Charania of ESPN, who reports (via Twitter) that the Pelicans have agreed to a deal that will send the fifth-year guard to the Knicks.
According to Ian Begley of SNY.tv (Twitter link), New York will send a pair of second-round picks along with Dalen Terry to New Orleans in exchange for Alvarado. The Pelicans will also receive cash, per Charania (Twitter link). The two second-rounders headed to New Orleans are 2026 and 2027 picks, adds James L. Edwards of The Athletic (Twitter link).
More to come…