Free-agent guard Jrue Holiday has agreed to a five-year, $126 million deal to stay with the New Orleans Pelicans, his agent Jason Glushon told ESPN on Saturday morning.
The deal includes incentive clauses that could push the contract's value to $150 million and contains a player option for the fifth year, Glushon said.
Holiday met with Pelicans officials on Friday night in New Orleans and soon after decided to close on the deal.
For the Pelicans, Holiday was an indispensable player on the roster, one with whom the franchise needed to extend itself financially to retain.