The Pelicans are reportedly trading Jose Alvarado to the Knicks for Dalen Terry, two second-round picks and cash, according to ESPN's Shams Charania. A Brooklyn native, Alvarado will join a New York squad that's in need of some backcourt depth and sits in second place in the Eastern Conference standings.

The New York Knicks are acquiring guard Jose Alvarado from the New Orleans Pelicans, according to a person with knowledge of the trade deal.

After being linked to Giannis Antetokounmpo at times leading up to Thursday's 3 p.m. ET trade deadline, the New York Knicks are reportedly bolstering their backcourt.

The New York Knicks added a new piece at the deadline.

On SportsNite, SNY's Chelsea Sherrod and SNY NBA Insider Ian Begley wrap up a busy day for the Knicks, who acquired guard Jose Alvarado from New Orleans and lost Deuce McBride indefinitely to core muscle surgery.