What happened: Reserve guard Jose Alvarado has agreed to move the deadline on his $4.5 million player option for the 2026-27 season from June 22 to June 26, according to Jake Fischer. The delay comes as the reigning champion New York Knicks weigh their options on picks No. 24 and 31 in this week's NBA Draft.

Why it matters: Pushing the decision back gives New York added flexibility to sort out its draft-night plans before locking in a guaranteed salary commitment. Alvarado's status factors into the Knicks' broader roster math as they decide whether to keep, package or trade their two late first-round picks.

What to watch: Watch whether Alvarado opts in or tests the market by the new June 26 date, and how the Knicks handle picks 24 and 31 once the draft opens this week.