Jose Alvarado plans to give his $500K prize money to his daughters if New Orleans wins the in-season tournamentÂ
In the case of the NBA, without the NBA In-Season Tournament working as a qualifier, players will instead be awarded $500,000 each if they win it all. For superstar players like LeBron James, the money may not be life-changing, however, for other players it certainly will be.
Speaking to Andscape, Alvarado indicated that he had no plans to spend the money. With three daughters at home, Alvarado knows exactly what he plans to do with the money, and it doesn’t involve a massive shopping spree. He said:
“I will not touch the money. My financial team will act like I never made it. It’s not for me. It’s not in my hands. I’m living my life. They (his daughters) got to live their lives and I don’t want them to struggle at all. This is the first time I’m telling everybody. I just know what I want to do.
Each player on the winning team will be awarded $500,000, while second place garners $200,000. The players already received an extra $100,000 for making the semifinals.
“I need all that. I need every penny I can count on,” Alvarado said. “The money is great, that’s why you want to keep winning. We want to keep going higher and higher. So, we big on that. Everybody is big on that. Everybody wants to win the game because we love the game. But that’s a big part at the end of the day.”
Alvarado, who is a solid contributor off the bench known for his defensive prowess, said the Pelicans are embracing the opportunity to chase a title, even if it isn’t the actual NBA championship.