JOSE ALVARADO #15
New Orleans Pelicans
Point Guard
Salary: $1,988,598
Cap Hit: $1,988,598
Years of Service 
: 3
: 32024-25 Year of Service Earned : Yes
: YesBORN: Apr 12, 1998
BIRTHPLACE: Brooklyn, New York, United States
NATIONALITY:
United States
United StatesHEIGHT:
6' 0
183cmWEIGHT:
179lbs
81kgAGE: 26
SHOOTS: Right
DRAFT YEAR: Undrafted
AGENT DETAILS
Agency:Octagon Basketball
Primary Agent:Ronald Shade
SUMMARY▴▾
Jose Alvarado's salary is $1,988,598 for the 2024-25 season. He is a 26 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: Bird (QVFA)
CURRENT CONTRACT
ROOKIE CONTRACT (REST OF SEASON)
COMPARE THIS CONTRACTSIGNED BY: Trajan Langdon
AGENT: Ronald Shade · Octagon Basketball
BIRD RIGHTS: 
→
→: 3 - 4 years
: $6,888,212
: $6,888,212 (100%)
: UFA
AAV
: $1,722,053
: $1,722,053Cap % : 1.00
: 1.00: NOP
NOP: MLE
: March 28, 2022
: 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.
| Season | Option | Option Used | Cap Hit | Base Salary | Guaranteed | Likely Inctv. | Unlikely Inctv. |
|---|---|---|---|---|---|---|---|
| 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 | ||
| 2024-25 | Team | Yes (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)
COMPARE THIS CONTRACTSIGNED BY: Bryson Graham
AGENT: Ronald Shade · Octagon Basketball
BIRD RIGHTS:
: 1 - 2 years
: $9,000,000
: $9,000,000 (100%)
: UFA
AAV: $4,500,000
: $4,500,000Cap % : 3.00
: 3.00: NOP
NOP: Bird Exception
: September 30, 2024
: 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.
| Season | Option | Option Used | Cap Hit | Base Salary | Guaranteed | Likely Inctv. | Unlikely Inctv. |
|---|---|---|---|---|---|---|---|
| 2025-26 | $4,500,000 | $4,500,000 | $4,500,000 | $0 | $0 | ||
| 2026-27 | Player | $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
: 1 year
: $462,629
: $0 (0%)
: RFA
AAV: $462,629
: $462,629Cap % : 0.00
: 0.00: NOP
NOP: Two-Way
: August 18, 2021
: 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.
| Season | Option | Option Used | Cap Hit | Base Salary | Guaranteed | Likely Inctv. | Unlikely Inctv. |
|---|---|---|---|---|---|---|---|
| 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 (NOP - Mar 28, 2022)
NOP - Mar 28, 2022)SALARY PROGRESSION
CURRENT SEASON STATS
| Season | Type | Team | GP | GS | MIN | PTS | FGM | FGA | FG% | 3PM | 3PA | 3P% | FTM | FTA | FT% | OREB | DREB | REB | AST | STL | BLK | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024-25 | Regular | New Orleans Pelicans | 11 | 7 | 282 | 118 | 101 | 40 | 39.6 | 60 | 24 | 40.0 | 17 | 14 | 82.4 | 6 | 18 | 24 | 49 | 17 | 3 | |
| 2024-25 | Regular | New Orleans Pelicans | 11 | 7 | 25.6 | 10.7 | 3.6 | 9.2 | 39.6 | 2.2 | 5.5 | 40.0 | 1.3 | 1.6 | 82.4 | 0.6 | 1.6 | 2.2 | 4.5 | 1.6 | 0.3 |
CAREER STATS
Stats Powered by 
| Season | Type | Team | GP | GS | MIN | PTS | FGM | FGA | FG% | 3PM | 3PA | 3P% | FTM | FTA | FT% | OREB | DREB | REB | AST | STL | BLK | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2021-22 | Regular | New Orleans Pelicans | 54 | 1 | 834 | 330 | 294 | 131 | 44.6 | 110 | 32 | 29.1 | 53 | 36 | 67.9 | 25 | 75 | 100 | 152 | 71 | 7 | |
| Playoffs | New Orleans Pelicans | 6 | 0 | 117 | 48 | 33 | 16 | 48.5 | 16 | 6 | 37.5 | 13 | 10 | 76.9 | 2 | 6 | 8 | 9 | 7 | 1 | ||
| 2022-23 | Regular | New Orleans Pelicans | 61 | 10 | 1310 | 550 | 489 | 201 | 41.1 | 247 | 83 | 33.6 | 80 | 65 | 81.3 | 28 | 113 | 141 | 186 | 67 | 10 | |
| 2023-24 | Regular | New Orleans Pelicans | 56 | 0 | 1028 | 397 | 345 | 142 | 41.2 | 207 | 78 | 37.7 | 52 | 35 | 67.3 | 25 | 103 | 128 | 117 | 59 | 15 | |
| Playoffs | New Orleans Pelicans | 4 | 0 | 62 | 7 | 20 | 3 | 15.0 | 14 | 1 | 7.1 | 0 | 0 | 0.0 | 0 | 4 | 4 | 9 | 5 | 1 | ||
| 2024-25 | Regular | New Orleans Pelicans | 11 | 7 | 282 | 118 | 101 | 40 | 39.6 | 60 | 24 | 40.0 | 17 | 14 | 82.4 | 6 | 18 | 24 | 49 | 17 | 3 | |
| 2021-22 | Regular | New Orleans Pelicans | 54 | 1 | 15.4 | 6.1 | 2.4 | 5.4 | 44.6 | 0.6 | 2.0 | 29.1 | 0.7 | 1.0 | 67.9 | 0.5 | 1.4 | 1.9 | 2.8 | 1.3 | 0.1 | |
| Playoffs | New Orleans Pelicans | 6 | 0 | 19.5 | 8.0 | 2.7 | 5.5 | 48.5 | 1.0 | 2.7 | 37.5 | 1.7 | 2.2 | 76.9 | 0.3 | 1.0 | 1.3 | 1.5 | 1.2 | 0.2 | ||
| 2022-23 | Regular | New Orleans Pelicans | 61 | 10 | 21.5 | 9.0 | 3.3 | 8.0 | 41.1 | 1.4 | 4.1 | 33.6 | 1.1 | 1.3 | 81.3 | 0.5 | 1.9 | 2.3 | 3.0 | 1.1 | 0.2 | |
| 2023-24 | Regular | New Orleans Pelicans | 56 | 0 | 18.4 | 7.1 | 2.5 | 6.2 | 41.2 | 1.4 | 3.7 | 37.7 | 0.6 | 0.9 | 67.3 | 0.5 | 1.8 | 2.3 | 2.1 | 1.1 | 0.3 | |
| Playoffs | New Orleans Pelicans | 4 | 0 | 15.5 | 1.8 | 0.8 | 5.0 | 15.0 | 0.3 | 3.5 | 7.1 | 0.0 | 0.0 | 0.0 | 0.0 | 1.0 | 1.0 | 2.3 | 1.3 | 0.3 | ||
| 2024-25 | Regular | New Orleans Pelicans | 11 | 7 | 25.6 | 10.7 | 3.6 | 9.2 | 39.6 | 2.2 | 5.5 | 40.0 | 1.3 | 1.6 | 82.4 | 0.6 | 1.6 | 2.2 | 4.5 | 1.6 | 0.3 |
SalarySwish
SalarySwish