BusinessNews

Trey Murphy III Agrees to $112M Extension with Pelicans

The New Orleans Pelicans have taken a major step in solidifying their future by agreeing to a lucrative contract extension with one of their rising stars. According to sources close to the situation, guard Trey Murphy III has agreed to a four-year, $112 million rookie extension with the franchise.

The deal, which includes no incentives or player options, locks in the 24-year-old sharpshooter through the 2027-28 season. It’s a significant investment in a player who has quickly established himself as a key piece of the Pelicans’ young core.

Emergence as a 3-and-D Standout

Murphy, a 6-foot-8 wing, is coming off a breakout season in which he averaged 14.8 points and 4.9 rebounds per game, primarily coming off the bench. But it’s his elite 3-point shooting and defensive versatility that have made him such a valuable asset.

Last season, Murphy connected on an impressive 38.0% of his 3-point attempts, launching 7.8 per game. His ability to space the floor and knock down shots from beyond the arc has been a perfect complement to the Pelicans’ offensive attack.

“Trey has worked tirelessly to improve his game and become one of the best young 3-and-D wings in the league,” said a source within the Pelicans organization. “We believe he’s just scratching the surface of his potential.”

On the defensive end, Murphy has proven to be a versatile and effective stopper. Last season, opponents shot a mere 42.2% from the field when Murphy was the closest defender – the fifth-lowest percentage among players who defended at least 500 shots.

A Franchise Record

Murphy’s long-range prowess has already etched his name in the Pelicans’ record books. He and teammate CJ McCollum are the only players in franchise history to make at least 150 3-pointers in multiple seasons.

It’s a testament to Murphy’s rapid development and the trust the Pelicans have placed in him as a core piece of their future. With this extension, they’ve ensured that he’ll be launching threes in a Pelicans uniform for years to come.

Overcoming Injury

The timing of Murphy’s extension is notable, as he’s currently sidelined with a right hamstring strain that’s expected to keep him out of action for the start of the regular season. The Pelicans open their campaign at home on Wednesday against the Chicago Bulls.

But the injury hasn’t deterred the Pelicans from investing in Murphy’s future. They clearly view him as a cornerstone piece, someone who can help lead the franchise to new heights in the coming years.

The Future is Bright

With Murphy locked in alongside the likes of Brandon Ingram, CJ McCollum, and Zion Williamson, the Pelicans boast one of the most exciting young cores in the NBA. There’s a palpable sense of optimism surrounding this team, a belief that they’re on the cusp of something special.

For Murphy, this extension is a validation of all the hard work he’s put in since being drafted 17th overall in 2021. It’s also a challenge – to continue improving, to live up to the faith the franchise has shown in him, and to help lead the Pelicans to the promised land.

“I’m incredibly grateful and excited,” Murphy said of his extension, according to sources. “This is just the beginning. We’ve got big goals as a team, and I can’t wait to get back on the court and help us achieve them.”

With Murphy in the fold for the long haul, the Pelicans have taken a significant step towards those goals. The future in New Orleans is bright indeed, and Trey Murphy III figures to play a starring role in it for years to come.