Report: Knicks acquiring G Jose Alvarado from Pelicans

Field Level Media|published: Thu 5th February, 13:23 2026

Jan 31, 2026; Philadelphia, Pennsylvania, USA; New Orleans Pelicans guard Jose Alvarado (15) reacts to his three pointer against the Philadelphia 76ers during the fourth quarter at Xfinity Mobile Arena. Mandatory Credit: Bill Streicher-Imagn Images

The New York Knicks acquired guard Jose Alvarado from the New Orleans Pelicans in exchange for guard Dalen Terry, two second-round draft picks and cash, ESPN reported on Thursday ahead of the NBA trade deadline.

Alvarado, 27, is averaging 7.9 points, 3.1 assists, 21.9 minutes and a career-high 2.8 rebounds in 41 games as a reserve this season. The native of Brooklyn, N.Y., posted career-high averages of 10.3 points, 4.6 assists and 24.4 minutes in 56 games (23 starts) last season with the Pelicans.

For his career, all with New Orleans since the 2021-22 campaign, Alvarado is averaging 8.1 points, 3.1 assists, 2.3 rebounds and 20.3 minutes in 268 regular-season games (34 starts).

Terry, 23, reportedly was traded earlier from the Chicago Bulls to the Knicks for forward Guerschon Yabusele, 30.

Terry averaged 3.5 points, 1.9 rebounds, 1.3 assists and 11.1 minutes in 34 games off the bench this season for the Bulls. His career averages in parts of four seasons are 3.5 points, 1.7 rebounds, 1.2 assists and 11.1 minutes in 204 games (seven starts).

Chicago selected Terry with the 18th overall pick of the 2022 NBA Draft out of Arizona.

--Field Level Media

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