The New Orleans Pelicans switched their two-way contract to the Puerto Rican goalkeeper on Monday Joseph Alvarado in a multi-year deal.

Sources told ESPN the contract is for four years with guarantees for the rest of the season and 2022-23, an unsecured season in 2023-24 and a team option for 2024-25. Alvarado becomes eligible for an extension in March 2024.

.@Alvaradojose15. Here to stay 🏠 pic.twitter.com/HsMKtdt3Z3

– New Orleans Pelicans (PelicansNBA) March 28, 2022

Alvarado, of Puerto Rican descent, has seen an increase in his minutes during the season. Since the All-Star break, he has averaged 20.3 minutes per game. In his last eight games, Alvarado has averaged 11.4 points, 5.1 assists, 3.1 rebounds, 2.1 steals and 0.8 turns per game while shooting at 48.0%. Alvarado leads all rookie teams this season by most minutes, with the Pelicans going +163 in 721 minutes this season.

By signing him 15th and last on the list, the Pelicans made Alvarado eligible for the tournament and playoffs.

Alvarado signed his contract on Monday at the Pelicans facility in what was supposed to be a day off for coaches and players, but his teammates did. Brandon Ingram And the Willie Hernangomez They made sure they were in the room when the contract was signed.

In a similar motion, the swans gave up their guard Tyrone Wallace From his 10-day contract to create the final site for Alvarado.