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

The New Orleans Pelicans are signing Jose Alvarado to a contract extension that should keep the Brooklyn-born backup point guard with the team for at least the next two seasons.