JOSE ALVARADO #15

Logo of the New Orleans PelicansNew Orleans Pelicans

Jose Alvarado headshot
Point Guard

Salary: $1,988,598

Cap Hit: $1,988,598

Years of Service Tooltip : 3
2024-25 Year of Service Earned Tooltip : Yes
BORN: Apr 12, 1998
BIRTHPLACE: Brooklyn, New York, United States
NATIONALITY:United StatesUnited States
HEIGHT:
6' 0
183cm
WEIGHT:
179lbs
81kg
AGE: 27
SHOOTS: Right
DRAFT YEAR: Undrafted
AGENT DETAILS
Primary Agent:Ronald Shade
SUMMARY▴▾

Jose Alvarado's salary is $1,988,598 for the 2024-25 season. He is a 27 year old point guard who was born on Apr 12, 1998. He has signed 3 contracts worth a total value of $16,350,841. He will be a UFA at the end of the 2024-25 season when he is 27 years old. He is represented by the agent Ronald Shade of Octagon Basketball.

Bird Rights Calculator Icon
Bird Rights: Bird (QVFA)
Transactions (25)
Status Updates (23)
Injury Update (21)

CURRENT CONTRACT

ROOKIE CONTRACT (REST OF SEASON)
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SIGNED BY: Trajan Langdon
AGENT: Ronald Shade · Octagon Basketball
BIRD RIGHTS: Bird Rights Calculator Icon→Bird Rights Calculator Icon
Length: 3 - 4 years
Value: $6,888,212
Guaranteed: $6,888,212 (100%)
Expiry Status: UFA
AAVTooltip: $1,722,053
Cap % Tooltip: 1.00
Signing Team: Logo of the New Orleans PelicansNOP
Signing Method: MLETooltip
Signing Date: March 28, 2022
Source: SalarySwish

Jose Alvarado signed a 3-4 year, $6,888,212 contract with the New Orleans Pelicans on Mar 28, 2022. The contract has a cap hit that ranges from $1,500,000 to $1,988,598.

SeasonOptionOption UsedCap Hit TooltipBase Salary TooltipGuaranteed TooltipLikely Inctv. TooltipUnlikely Inctv. Tooltip
2021-22$1,500,000$1,500,000$1,500,000$0$0
2022-23$1,563,518$1,563,518 (+4%)$1,563,518
(1.10M→1.56M)
$0$0
2023-24$1,836,096$1,836,096 (+18%)$1,836,096
(0→1.84M)
$0$0
2024-25TeamYes (Jun 28, 2024)$1,988,598$1,988,598 (+10%)$1,988,598
(0→0)
(0→1.99M)
$0$0
TOTAL$6,888,212$6,888,212$6,888,212$0$0
Cap Hold 2025-26: $2,296,271
GUARANTEED DETAILS
2022-23: Increase from $1,100,000 to $1,563,518 (+$463,518) if player is not waived before Jan 10, 2023 [Requirements Met]
2023-24: Increase from $0 to $1,836,096 (+$1,836,096) if player is not waived before Jan 10, 2024 [Requirements Met]
2024-25: $0 Team Option [Requirements Met]
2024-25: Increase from $0 to $1,988,598 (+$1,988,598) if player is not waived before Jan 10, 2025 [Requirements Met] (2024-25 guaranteed due to extension)
VETERAN EXTENSION (EXTENSION)
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SIGNED BY: Bryson Graham
AGENT: Ronald Shade · Octagon Basketball
BIRD RIGHTS: Bird Rights Calculator Icon
Length: 1 - 2 years
Value: $9,000,000
Guaranteed: $9,000,000 (100%)
Expiry Status: UFA
AAVTooltip: $4,500,000
Cap % Tooltip: 3.00
Signing Team: Logo of the New Orleans PelicansNOP
Signing Method: Bird ExceptionTooltip
Signing Date: September 30, 2024
Source: SalarySwish

Jose Alvarado signed a 1-2 year, $9,000,000 contract with the New Orleans Pelicans on Sep 30, 2024. The contract has a cap hit of $4,500,000.

SeasonOptionOption UsedCap Hit TooltipBase Salary TooltipGuaranteed TooltipLikely Inctv. TooltipUnlikely Inctv. Tooltip
2025-26$4,500,000$4,500,000$4,500,000$0$0
2026-27Player$4,500,000$4,500,000$4,500,000$0$0
TOTAL$9,000,000$9,000,000$9,000,000$0$0
Cap Hold 2027-28: $8,550,000
GUARANTEED DETAILS
2026-27: $4,500,000 Player Option [Decision Pending]

CONTRACT HISTORY

TWO-WAY CONTRACT
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BIRD RIGHTS: Bird Rights Calculator Icon→Bird Rights Calculator Icon
Length: 1 year
Value: $462,629
Guaranteed: $0 (0%)
Expiry Status: RFA
AAVTooltip: $462,629
Cap % Tooltip: 0.00
Signing Team: Logo of the New Orleans PelicansNOP
Signing Method: Two-WayTooltip
Signing Date: August 18, 2021
Source: SalarySwish

Jose Alvarado signed a 1 year, $462,629 contract with the New Orleans Pelicans on Aug 18, 2021. The contract has a cap hit of $0.

SeasonOptionOption UsedCap Hit TooltipBase Salary TooltipGuaranteed TooltipLikely Inctv. TooltipUnlikely Inctv. Tooltip
2021-22 V$0$462,629$0$0$0
TOTAL$0$462,629$0$0$0
Qualifying Offer: $508,891 (Guaranteed: $50,000)
Cap Hold 2022-23: $1,637,966
VOIDED DUE TO CONVERSION: This contract was converted to a Rookie Contract contract (Logo of the New Orleans PelicansNOP - Mar 28, 2022)

SALARY PROGRESSION

20222023202420252026202701M2M3M4M

CURRENT SEASON STATS

SeasonTypeTeamGPGSMINPTSFGMFGAFG%3PM3PA3P%FTMFTAFT%OREBDREBREBASTSTLBLK
2024-25RegularLogo of the New Orleans PelicansNew Orleans Pelicans5623136657952120439.230911135.9746081.1271091362597414
2024-25RegularLogo of the New Orleans PelicansNew Orleans Pelicans562324.410.33.69.339.22.05.535.91.11.381.10.52.02.44.61.30.3

CAREER STATS

Stats Powered by Sportradar
SeasonTypeTeamGPGSMINPTSFGMFGAFG%3PM3PA3P%FTMFTAFT%OREBDREBREBASTSTLBLK
2021-22RegularLogo of the New Orleans PelicansNew Orleans Pelicans54183433029413144.61103229.1533667.92575100152717
PlayoffsLogo of the New Orleans PelicansNew Orleans Pelicans6011748331648.516637.5131076.9268971
2022-23RegularLogo of the New Orleans PelicansNew Orleans Pelicans6110131055048920141.12478333.6806581.3281131411866710
2023-24RegularLogo of the New Orleans PelicansNew Orleans Pelicans560102839734514241.22077837.7523567.3251031281175915
PlayoffsLogo of the New Orleans PelicansNew Orleans Pelicans4062720315.01417.1000.0044951
2024-25RegularLogo of the New Orleans PelicansNew Orleans Pelicans5623136657952120439.230911135.9746081.1271091362597414
2021-22RegularLogo of the New Orleans PelicansNew Orleans Pelicans54115.46.12.45.444.60.62.029.10.71.067.90.51.41.92.81.30.1
PlayoffsLogo of the New Orleans PelicansNew Orleans Pelicans6019.58.02.75.548.51.02.737.51.72.276.90.31.01.31.51.20.2
2022-23RegularLogo of the New Orleans PelicansNew Orleans Pelicans611021.59.03.38.041.11.44.133.61.11.381.30.51.92.33.01.10.2
2023-24RegularLogo of the New Orleans PelicansNew Orleans Pelicans56018.47.12.56.241.21.43.737.70.60.967.30.51.82.32.11.10.3
PlayoffsLogo of the New Orleans PelicansNew Orleans Pelicans4015.51.80.85.015.00.33.57.10.00.00.00.01.01.02.31.30.3
2024-25RegularLogo of the New Orleans PelicansNew Orleans Pelicans562324.410.33.69.339.22.05.535.91.11.381.10.52.02.44.61.30.3
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