Trey Murphy III Contract & Salary
Trey Murphy III is a SF for the New Orleans Pelicans, earning $27,000,000 in 2026-27. Contract runs through 2028-29 ($87,000,000 guaranteed).
Updated · 2026–27 season
Trey Murphy III is on the books for $27,000,000 in 2026–27, the 4th largest cap hit on the New Orleans Pelicans roster and 13.9% of the team's $194.7M payroll.
That ranks 68th among the 437 players with a 2026–27 salary on the books, and eats 16.4% of the $165.0M salary cap.
The deal has 3 seasons left on it, running through 2028-29, worth $87,000,000 in guaranteed money.
Every remaining year is fully guaranteed — no options and no non-guaranteed money.
At 16.4% of the $165.0M cap, that is a high-end deal, well clear of the mid-level exception.
He is one of 15 players on the New Orleans Pelicans' books for 2026–27, whose 2026–27 salaries add up to $194,656,741.
New Orleans Pelicans sit at $194.7M in payroll and are currently classified Over Cap, with +$7.4M of room below the first apron.
| Season | Salary | % of Cap | Note |
|---|---|---|---|
| 2026-27 | $27,000,000 | 16.4% | |
| 2027-28 | $29,000,000 | 17.6% | |
| 2028-29 | $31,000,000 | 18.8% | |
| 2029-30 | UFA / $46.5M | — | |
| 2030-31 | — | — |
| Team Payroll | Cap Space | Tax Room | 1st Apron Room | 2nd Apron Room |
|---|---|---|---|---|
| $194.7M | -$29.7M | +$5.8M | +$7.4M | +$20.1M |
| Pos | Player | Age | 2026-27 | % of Cap |
|---|---|---|---|---|
| PF | Zion Williamson | 26 | $42,166,510 | 25.6% |
| SG | Jordan Poole | 27 | $34,044,642 | 20.6% |
| PG | Dejounte Murray | 29 | $32,785,071 | 19.9% |
| SF | Herb Jones | 27 | $14,898,786 | 9.0% |
| PG | Jeremiah Fears | 19 | $7,896,240 | 4.8% |
| SG | Jordan Hawkins | 24 | $7,021,895 | 4.3% |
| Rank | Player | Team | 2026-27 | vs III |
|---|---|---|---|---|
| 66 | Draymond Green | Golden State Warriors | $27,678,571 | +$678,571 |
| 67 | Devin Vassell | San Antonio Spurs | $27,500,000 | +$500,000 |
| 69 | Coby White | Charlotte Hornets | $26,811,593 | -$188,407 |
| 70 | Myles Turner | Milwaukee Bucks | $26,584,164 | -$415,836 |
| 71 | Jaden McDaniels | Minnesota Timberwolves | $26,200,000 | -$800,000 |