As trade discussions begin to take shape around the league, New York is expected to explore ways to reinforce its guard rotation.
The Knicks have identified point guard depth as a priority and are surveying the market for a ballhandler who can stabilize minutes and provide energy off the bench.
One name that has surfaced in those internal evaluations is Jose Alvarado from New Orleans, a player known for his defensive pressure and ability to change the tempo of a game.
At this stage, there is no strong signal that the Pelicans are actively shopping Alvarado.
Still, New Orleans has a reputation for at least engaging in conversations when teams inquire about experienced contributors, particularly if the deal aligns with their broader financial and roster objectives.
That openness leaves the door slightly ajar, even if nothing appears imminent.
From the Knicks’ perspective, the math matters just as much as the player. New York is operating extremely close to the second-apron hard cap, sitting only about $148,000 beneath it, which limits their flexibility in adding salary.
Alvarado’s contract stands out because of its affordability, as he earns $4.5 million this season and holds a player option at the same number for next year.
That manageable figure makes him one of the few realistic targets who could fit into the Knicks’ books without forcing major roster gymnastics.
His contract also creates the possibility for New York to bring him in while shedding some salary in the process, helping them stay compliant with the league’s financial restrictions.
On the other side, New Orleans is positioned roughly $1.9 million under the luxury tax threshold, a line the organization has little interest in crossing.
Any potential deal would need to respect that limit, further shaping how negotiations, if any, might unfold.
Knicks To Pursue Jose Alvarado If Made Available https://t.co/KK3No6yxdi
— RealGM (@RealGM) December 12, 2025
