José Alvarado reached a four-year contract extension with the New Orleans Pelicans, signing a new deal that includes $6.5 million in salary.
According to reporter Shams Charania, Alvarado gets $3.4 million guaranteed over the next two years, including $1.5 million for the rest of this season, on top of the $800,000 he has earned so far this season.
Sources: The New Orleans Pelicans are signing two-way guard Jose Alvarado to a four-year, $6.5 million deal. Tremendous undrafted success story. Alvarado gets $3.4M guaranteed over next two years, including $1.5M for rest of this season on top of $800K he’s made so far.
— Shams Charania (@ShamsCharania) March 28, 2022
The 23-year-old rookie has played 46 games this season, posting 6.2 points per game, 2.8 assists, 1.8 rebounds and 1.3 steals per game.
