Derik Queen Contract & Salary

Derik Queen is on the books for $5,416,080 in 2026–27, the 9th largest cap hit on the New Orleans Pelicans roster and 2.8% of the team's $196.2M payroll.

That ranks 259th among the 444 players with a 2026–27 salary on the books, and eats 3.3% of the $165.0M salary cap.

The deal has 3 seasons left on it, running through 2028-29, worth $19,197,838 in guaranteed money.

The money climbs as it goes: $5,416,080 in the first year up to $8,107,918 in the last, a 50% rise across the deal.

Not every year is locked in: 2027-28 team option, 2028-29 team option.

The option year belongs to the team, which makes that season a decision point rather than a commitment: it can be picked up cheaply or declined outright.

At 21, he is still inside the cheap early-career window; this deal runs through his age-23 season, before the expensive years start.

He is the 9th highest-paid of the 15 players on the roster, in the middle of the pay structure.

He is one of 15 players on the New Orleans Pelicans' books for 2026–27, whose 2026–27 salaries add up to $196,221,049.

New Orleans Pelicans sit at $196.2M in payroll and are currently classified Over Cap, with +$5.7M of room below the first apron.