Reports: Pelicans, Jonas Valanciunas agree to extension
The former No. 5 pick of the 2011 Draft was set to hit free agency next summer.
The New Orleans Pelicans traded for center Jonas Valanciunas in the offseason and are now making sure he doesn’t leave anytime soon. Per multiple reports, Valanciunas and the Pelicans have agreed to a two-year, $30.1 million extension that will keep him with the team through 2023-24.
New Orleans Pelicans center Jonas Valanciunas has agreed on a two-year extension worth $30.1 million, his agents Aaron Mintz, Mitch Nathan and Drew Morrison of @CAA_Basketball tell ESPN.
Valanciunas is now committed to the Pelicans for $44.1M over the next three seasons.
— Andrew Lopez (@_Andrew_Lopez) October 20, 2021
Can confirm the news about Jonas Valanciunas signing a two-year, $30.1 million extension with the Pelicans. @_Andrew_Lopez was first to report.
Pels avoid a potential free-agent standoff with Jonas next summer and Valanciunas locks himself in with Zion and BI for the future.
— Will Guillory (@WillGuillory) October 20, 2021
Last season, Valanciunas averaged 17.1 points, 12.5 rebounds, 1.8 assists and shot 59.2% in 62 games with the Memphis Grizzlies. He had spent the previous 2 1/2 seasons in Memphis before being traded to New Orleans in August for veteran Steven Adams and others to free up the salary cap space for the Pelicans to add Devonte’ Graham in the offseason via a sign-and-trade deal with the Charlotte Hornets.
Entering his 10th season, Valanciunas averaged 12.9 ppg, 9.2 rpg, 1.0 apg and shot 56.6% in time spent with the Grizzlies (2019-21) and Toronto Raptors (2012-18). The former No. 5 pick of the 2011 Draft has picked up his play over the last three seasons, averaging 15.8 ppg, 11.0 rpg, 1.7 apg and shot 58.1 % in that span.
Valanciunas was set to hit unrestricted free agency next summer and this extension keeps him in the fold. With All-Star Brandon Ingram and Zion Williamson playing alongside him, New Orleans has a promising frontcourt trio on paper when all three are healthy. Williamson is out for the first week of the regular season as he recovers from a right foot fracture suffered in the offseason.