The Pelicans will pick up their team options on point guard Jose Alvarado and power forward/center Jeremiah Robinson-Earl, a source tells Christian Clark of NOLA (Twitter link).
Alvardo, 26, has been a valuable reserve for New Orleans over the past three seasons and finished sixth in this year’s Sixth Man of the Year balloting after averaging 7.1 points, 2.3 rebounds and 2.1 assists in 56 games. His $1.99MM salary for next season will remain non-guaranteed, but he’s obviously still in the Pelicans’ plans and is in no danger of getting waived.
The decision means Alvarado’s free agency will be unrestricted in 2025, rather than restricted this summer. He will be eligible to sign an extension anytime during the 2024/25 league year.
Robinson-Earl, 23, signed a two-way contract with New Orleans in November after being waived by Houston. He was converted to a standard deal in February that included a $2.2MM team option for 2024/25. He appeared in 39 games last season, averaging 2.9 points and 1.9 assists in 8.6 minutes per night.
Robinson-Earl will also be on track for unrestricted free agency in 2025 with his option exercised.