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Pelicans Sign Saddiq Bey to $55.5M Extension

By Drooid · Sep 18, 2026, 11:06 PM UTC · How we work

Summary

Story summary

The New Orleans Pelicans signed forward Saddiq Bey to a three-year, $55.5 million extension.
The deal is fully guaranteed through the 2029-30 season and contains a trade kicker.
Bey posted career-best 17.7 points, 5.6 rebounds and 2.5 assists in 2025-26.
He missed the entire 2024-25 season after tearing his left ACL.
Pelicans hope the extension adds depth after two straight seasons without playoffs.

History

Historical Context

The 1995 NBA collective bargaining agreement introduced a league-wide salary cap and limits on max contracts, ending a period of unrestricted spending. That framework, refined through later CBAs that set the 2022-23 cap at $123.655 million, still guides teams like the New Orleans Pelicans, who in 2024 signed forward Saddiq Bey to a three-year, $55.5 million extension despite his ACL injury.

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Story summary

The New Orleans Pelicans signed forward Saddiq Bey to a three-year, $55.5 million extension.
The deal is fully guaranteed through the 2029-30 season and contains a trade kicker.
Bey posted career-best 17.7 points, 5.6 rebounds and 2.5 assists in 2025-26.
He missed the entire 2024-25 season after tearing his left ACL.
Pelicans hope the extension adds depth after two straight seasons without playoffs.

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