Jose Alvarado. Stephen Lew-USA TODAY Sports

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 $1.99M 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 become eligible to negotiate an extension starting July 6.

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 $2.2M 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.

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