Pelicans, Murphy Agree to 4-Year, $112M Extension

The New Orleans Pelicans have finalized a four-year, $112 million contract extension with forward Trey Murphy III, according to his agents speaking to basketball insider Marc Stein.

This new contract does not include a player option or performance incentives, as reported by ESPN's Shams Charania.

The deadline for teams to sign rookie-scale extensions for eligible players from the 2021 draft class is 6 p.m. on Monday, and Murphy was selected as the 17th overall pick that year.

In the 2023-24 season, the 23-year-old averaged a career-high 14.8 points per game, alongside 4.9 rebounds, 2.2 assists, and a 38% shooting percentage from beyond the arc. However, he appeared in only 57 games, starting in 23, due to missing the initial month of the season while recovering from arthroscopic surgery on his left knee.

Murphy is also expected to miss the beginning of the upcoming season after sustaining a hamstring strain during practice earlier this month.