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C.J. McCollum inks two-year, $64 million extension with Pelicans

Orlando Magic v New Orleans Pelicans

NEW ORLEANS, LOUISIANA - MARCH 09: CJ McCollum #3 of the New Orleans Pelicans shoots against Gary Harris #14 of the Orlando Magic during the second half at the Smoothie King Center on March 09, 2022 in New Orleans, Louisiana. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this Photograph, user is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Jonathan Bachman/Getty Images)

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After helping New Orleans return to the playoffs for the first time since Anthony Davis was traded to the Lakers, C.J. McCollum earned a two-year, $64 million extension with the Pelicans. He will remain under contract with the team through the 2025-26 season, and there isn’t a player or team option in the deal. ESPN’s Adrian Wojnarowski broke the news Saturday afternoon.

New Orleans traded Josh Hart, Tomas Satoransky, Nickeil Alexander-Walker, Didi Louzada, a 2022 protected first-round pick (turns into 2025 first-round pick that is top-4 protected), and two future second-round picks for McCollum, Larry Nance Jr., and Tony Snell.

New Orleans now has their core of McCollum, Zion Williamson, and Brandon Ingram under contract for the next three seasons.

The expectations will be high for the Pelicans for the next few years. After starting last season 1-12, first-year head coach Willie Green helped turn the team around, and they finished 36-46 before beating the Spurs and Clippers in the play-in tournament. Their season ended after losing to the Suns 4-2 in the first round of the playoffs.

McCollum averaged 24.3 points, 4.5 rebounds, 5.8 assists, 1.3 steals, and 2.7 triples per game after the trade to New Orleans.

The return of Zion this season, along with the success of last year’s team, has the team expecting a return to the playoffs. Locking up their star guard in McCollum emphasizes that their rebuild is over. After missing the playoffs during their first three seasons in the post-AD era, they don’t expect to return to the lottery for a long time. The big question surrounding their potential success will be Zion’s health.