The New Orleans Pelicans have finalized a four-year, $112 million contract extension with forward Trey Murphy III, as confirmed by his agents to basketball insider Marc Stein.
This new agreement does not include a player option or any performance incentives, according to sources cited by ESPN’s Shams Charania.
NBA teams face a deadline of 6 p.m. on Monday to sign rookie-scale extensions for eligible players from the 2021 draft class. Murphy was selected 17th overall in that draft.
In the 2023-24 season, the 23-year-old averaged a career-high 14.8 points per game, along with 4.9 rebounds, 2.2 assists, and a shooting percentage of 38% from beyond the arc. He appeared in 57 games, starting 23, after recovering from arthroscopic knee surgery that kept him out for the first month of the season.
Murphy is expected to be unavailable at the start of the upcoming season due to a hamstring strain he sustained during practice in early October.