Vice President of Octagon Basketball Ron Shade tells Shams Charania of The Athletic that the Pelicans are signing Shade's client, defense-first point guard Jose Alvarado, to a two-season, $9 million contract extension. He'll have a player option for the second year of the deal in 2026-27.

New Orleans point guard Jose Alvarado has agreed to a two-year, $9 million extension, his agent told The Athletic's Shams Charania. The extension includes

Steal artist Jose Alvarado has rubbed off on the Pelicans. On Saturday, New Orleans signed him to a team-friendly deal that was one of the league's biggest steals.