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The Pelicans' CJ McCollum is staying in New Orleans.
The Pelicans and the guard agreed to a two-year extension worth $64 million, according to multiple reports.
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New Orleans acquired McCollum from the Portland Trail Blazers shortly before last year's trade deadline. McCollum was slated to be a free agent after the 2023-24 season before the deal.
McCollum, now 31, averaged 24.3 points per game as a Pelican last season, helping them to their first playoff appearance since the 2017-18 season. They were the No. 8 seed and lost to the top-seeded Phoenix Suns in six games.
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McCollum will be joined by Zion Williamson, who missed all of last season with a foot injury. He has been cleared to play without restrictions.
Williamson, McCollum, and Brandon Ingram are all now under contract for the next four seasons.
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In his career, McCollum has averaged 19.2 points per game, but he has averaged over 20 in each of his last seven seasons.
The Associated Press contributed to this report.