Jonas Valanciunas and the Pelicans have agreed to a two-year extension worth $30.1 million, according to Andrew Lopez of ESPN.
The Pelicans acquired Valanciunas in addition to Trey Murphy II (17th pick in 2021 NBA Draft) and Brandon Boston (51st pick) over the offseason, as they sent Steven Adams, Eric Bledsoe and Ziaire Williams (10th pick) to the Grizzlies.
Valanciunas averaged 17.1 points on nearly 60 percent shooting to go along with a career-high 12.5 rebounds per game last season, as he will now be committed to the Pelicans for the next three seasons while making $44.1 million.