Pelicans reportedly lock up Jose Alvarado with two-year, $9 million extension
The Pelicans have agreed to a two-year, $9 million extension for Alvarado — with a player option in the second year — a story broken by Shams Charania of The Athletic. Alvarado is under contract for this coming season at just less than $2 million, then he will make more than double that the following season, with a player option for 2026-27.