Jose Alvarado Signs Two-Year Extension with Pelicans
The New Orleans Pelicans have secured the services of one of the NBA's rising defensive stars, Jose Alvarado, by signing him to a two-year, $9 million contract extension. This deal, which includes a player option for the 2026-27 season, is a testament to Alvarado’s growing influence and value on the team.
From Undrafted Free Agent to Key Contributor
Jose Alvarado's journey to the NBA is the stuff of underdog legends. Entering the league as an undrafted free agent in 2021, Alvarado has defied the odds to carve out a significant role with the Pelicans. Over the course of his career, he has earned approximately $5 million, and this new contract marks a significant step up, both in terms of financial reward and recognition of his contributions on the court.
Despite his undrafted status, Alvarado quickly made a name for himself with his relentless defense and surprising offensive output. Last season, he finished sixth in the voting for Sixth Man of the Year, a nod to his impact off the bench and his ability to change games with his energy and skill set.
Aptly Named "Grand Theft Alvarado"
Nicknamed "Grand Theft Alvarado" for his knack of generating turnovers, especially in the backcourt, Alvarado has developed a reputation as one of the NBA's most dangerous defensive players. His ability to disrupt opposing offenses and create opportunities for his teammates is a key component of the Pelicans' game plan.
Alvarado’s defensive prowess is matched by his improving offensive capabilities. Last season, he posted a career-best 38% from beyond the arc, showcasing his development as a well-rounded player who can contribute on both ends of the floor.
The Pelicans’ Roster Challenges
Signing Alvarado to a contract extension comes at a time when the New Orleans Pelicans are navigating the financial complexities of being over the luxury tax line. With key players such as Trey Murphy III and Brandon Ingram due for new contracts, managing the salary cap is a significant challenge for the team’s front office.
Yet, Alvarado's extension represents a strategic investment in a player who has delivered high-value production at a bargain rate over the past three seasons. His consistent performance and ability to influence games justify the commitment, even in a tightly managed salary environment.
Looking Forward
Alvarado's defensive tenacity and improving offensive skills make him a vital part of the Pelicans' future plans. As the team aims to build on its recent successes and address areas of need, having a player of Alvarado’s caliber under contract provides stability and a defensive anchor around which the rest of the roster can be built.
With this new deal, the Pelicans are not only rewarding Alvarado for his past contributions but also banking on his potential to continue growing as a player. As he takes this next step in his career, fans and analysts alike will be watching to see how "Grand Theft Alvarado" continues to leave his mark on the NBA.