Report: Knicks acquiring G Jose Alvarado from Pelicans

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.