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.

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.

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.