Pelicans Secure Jose Alvarado with 2-Year, $9M Extension

The deal includes a player option for the 2026-27 season, solidifying Alvarado's role as a key reserve for New Orleans.

Jose Alvarado, known for his defensive prowess, has agreed to a two-year, $9 million contract extension with the New Orleans Pelicans.
The extension guarantees his $1.988 million salary for the 2024-25 season and includes a player option for 2026-27.
Alvarado has averaged 7.5 points, 2.7 assists, and 1.2 steals over his three-season NBA career with the Pelicans.
He finished sixth in the Sixth Man of the Year voting last season, contributing significantly off the bench.
Alvarado will back up newly acquired point guard Dejounte Murray as the Pelicans aim for a strong 2024-25 season.