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Pelicans agree $55.5m extension with Saddiq Bey
New Orleans have reached a fully guaranteed three-year extension with Bey that includes a trade kicker and runs through 2029-30.
Lead
The New Orleans Pelicans and forward Saddiq Bey have agreed a three-year contract extension worth $55.5 million, with the agreement reported on 17 September. Source Source Source The extension is set to keep Bey under contract with New Orleans through the 2029-30 season. Source
What happened
ESPN’s Shams Charania first reported the agreement, citing Bey’s agents, James Dunleavy and Jordan Gertler of Excel Sports Management. Source The Athletic subsequently reported that a team source had confirmed the three-year extension, while TSN also carried the agreement on 17 September. Source Source
The reported package is fully guaranteed, has no options and includes a trade kicker. Source Source Bey is 27 and was selected 19th overall by the Detroit Pistons in the 2020 NBA draft. Source
The deal follows a 2025-26 campaign in which Bey averaged career highs of 17.7 points, 5.6 rebounds and 2.5 assists per game. Source Source He played 72 games and started 64 of them during that season. Source Source
Bey had missed the entirety of the 2024-25 season after suffering a torn ACL while with the Atlanta Hawks. Source Source The Pelicans acquired him in a 2025 trade that sent CJ McCollum to the Washington Wizards and brought Jordan Poole to New Orleans. Source
Why it matters
The agreement gives the Pelicans a multi-year commitment to Bey rather than leaving his future beyond the existing arrangement unsettled. Source Its fully guaranteed structure means the reported $55.5 million value is guaranteed, while the deal’s listed terms contain no options. Source Source
The trade kicker is also part of the agreed contract, alongside the guarantee and absence of options. Source Source Those terms make the deal more than a simple announcement of length and headline value. Source Source
Bey’s production provides the immediate statistical context for the extension. Source Source In 2025-26, he shot 45.1 per cent from the field, 36.7 per cent from three-point range and 84.1 per cent at the free-throw line. Source
His 72 appearances and 64 starts show that he was available for most of that campaign after the ACL injury had ruled him out for all of 2024-25. Source Source The extension therefore comes after a season that combined career-best scoring, rebounding and assists averages with a substantial starting workload. Source Source
What’s next
The clearest confirmed endpoint is contractual: Bey is secured with New Orleans through the 2029-30 season. Source The reports establish that an agreement has been reached, but the supplied accounts do not provide a separate timetable for formal completion or any year-by-year salary breakdown. Source Source Source
For the Pelicans, the extension follows the 2025 trade that brought Bey to New Orleans as McCollum moved to Washington and Poole arrived with the Pelicans. Source The available reports frame the immediate development as a contract agreement, with ESPN first reporting it and The Athletic and TSN subsequently publishing the news. Source Source Source
Notes
The reported terms establish the total value, three-year length, full guarantee, lack of options and trade kicker. Source Source They do not, in the material supplied here, establish annual salary figures or additional contract provisions beyond those reported terms. Source Source The performance figures cited are confined to Bey’s 2025-26 season and should not be read as a career total. Source Source
Key facts
5 data points