What happened: Saddiq Bey and New Orleans agreed to a three-year, $55.5 million contract extension. The deal is fully guaranteed and keeps Bey under contract through the summer of 2030.
Why it matters: The extension locks in a productive wing after Bey returned from a torn ACL and posted the best scoring average of his career last season. It also turns a $6.4 million expiring contract into a longer commitment worth about $18.5 million annually as New Orleans shapes its 2026-27 roster.
By the numbers: Bey averaged 17.7 points and 5.5 rebounds last season while shooting 36.7% from 3-point range and posting a .579 true shooting percentage. The extension adds $55.5 million over three years, an average of $18.5 million per season.
What to watch: Training camp will show whether Bey opens 2026-27 in the same larger role he earned early last season. The next long-term marker is summer 2030, when the extension expires.