Here is all that you need to know about New Orleans Pelicans star Jose Alvarado’s salary
José Alvarado Martínez has been a revelation for the New Orleans Pelicans. Ever since Alvarado came to the team, he has been showing sparks of brilliance to help the team in every way possible.
But did you know that Alvarado is originally an Undrafted NBA player? He has worked hard to reach the place that he is today.
Jose Alvarado is of Puerto Rican nationality but he was born in New York City, U.S.A. After his high school career was over, Alvarado committed to play college basketball for Georgia Tech.
While playing in college, Alvarado put up decent numbers. He played four years in college and in these four years, he averaged 13.5 points per game. He also has an average of 3.6 rebounds, 2.1 steals, and 3.6 assists.
Following his college career, Alvarado declared for the 2021 NBA Draft. But sadly, he went undrafted.
However, Alvarado’s NBA journey did not come to an end. On August 19, 2021, Alvarado signed a two-way contract with the New Orleans Pelicans.
Under his two-way contract, Alvarado split his time with the New Orleans Pelicans and their NBA G League affiliate, the Birmingham Squadron.
Furthermore, while playing for the New Orleans Pelicans, Alvarado played really well and soon became one of the go to players for the Pelicans.
For his hard work, this 6-feet Point guard soon received his reward. On March 28, 2022, Alvarado’s two-way deal was transferred into a standard 4-year NBA contract which is worth around $7 million.
So, how much is the salary of Jose Alvarado under his new contract?
What is the salary of Jose Alvarado?
When Alvarado played under a two-way contract, he used to make less than $460,000. However, as his game improved, Alvarado’s salary improved too.
On March 22, 2022, Alvarado signed a standard 4-year contract. It is a 4 year / $6,888,212 contract with the New Orleans Pelicans, including $2,600,000 guaranteed, and an annual average salary of $1,722,053. In 2022-23, Alvarado will earn a base salary of $1,563,518, while carrying a cap hit of $1,563,518 and a dead cap value of $1,100,000, per Spotrac.
In the 2022-23 NBA season, Alvarado will earn a salary of $1,563,518, where $1,100,000 is guaranteed.
If Alvarado keeps up with his current performance, he will have a monumental salary raise in the future. And by the looks of it, Alvarado is on his way to a massive contract.
Moreover, on December 4, 2022, Alvarado scored a career-high 38 points against the Denver Nuggets.
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