Pelicans Convert Jose Alvarado Contract To Four-Year Deal

The Pelicans have officially signed point guard Jose Alvarado to a four-year contract, the team announced in a press release.

Alvarado, 23, is 6-foot-0 and had been playing in New Orleans on a two-way deal. Per ESPN’s Andrew Lopez, Alvarado’s new deal includes a team option on the fourth year. The third year is nonguaranteed, Lopez added.

For the season, Alvarado has appeared in 47 games and is averaging 6.1 points and 2.7 assists. A rookie, he went undrafted out of Georgia Tech in 2021.

The Pelicans have an open two-way spot after converting Alvarado’s contract. “Promoting Alvarado to the 15-man roster also makes him eligible to play in the postseason, including the play-in game(s),” noted Luke Adams of Hoops Rumors.

I told y’all NOLA was Home ! ❤️??

— Jose Alvarado (@AlvaradoJose15) March 28, 2022