September 29 news, the New Orleans Pelicans have reached a two-year, $9 million extension with guard Jose Alvarado.
It is revealed that the 26-year-old Alvarado originally had one year left on his contract worth $1.9 million. With the new deal, he will remain with the Pelicans through the 2025-26 season and holds a player option for the 2026-27 season.
Alvarado joined the Pelicans on a two-way contract in 2021 and has been with the team for three seasons. Last season, Alvarado averaged 7.1 points and 2.1 assists in 56 games with the Pelicans and ranked sixth in NBA Sixth Man of the Year voting.
This season, he is expected to serve as the backup point guard behind Dejounte Murray, who joined New Orleans via trade from the Atlanta Hawks in June.
The Pelicans are striving to make the playoffs for the second consecutive year, which would be the first time since the 2008-09 season and only the third time in their 23-year history in New Orleans that they have made the playoffs in back-to-back years.
Pelicans Sign Alvarado to a $9 Million Annual Contract Extension; Expected to Serve as Dejounte Murray’s Backup. Author：Sports UEFA.Please indicate the source when reproduced：https://www.sportsuefa.com/basketball-headlines/pelicans-sign-alvarado-to-a-9-million-annual-contract-extension-expected-to-serve-as-dejounte-murrays-backup.html
