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 257th among the 434 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: 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.