The Latest: Jrue Holiday gets $126M, 5 year from Pelicans

FILE - In this May 6, 2017, file photo, Utah Jazz forward Gordon Hayward, center, passes the ball as Golden State Warriors' JaVale McGee (1), Draymond Green (23) and Klay Thompson (11) defend during Game 3 of an NBA basketball second-round playoff series in Salt Lake City. A person with knowledge of the decision says Hayward has declined the player-option final year on his contract as expected and will now test the market as an unrestricted free agent. (AP Photo/Rick Bowmer, File)

By Associated Press July 1, 2017 2 min read

The Latest on NBA free agency (all times local):

9:05 a.m.

Jrue Holiday has agreed to terms on a new five-year, $126 million deal with the New Orleans Pelicans, who kept the point guard they wanted to initiate offense for All-Star big men Anthony Davis and DeMarcus Cousins.

Agent Jason Glushon said early Saturday that the final year of the deal is at Holiday’s option, adding that incentives could push the contract’s total value to $150 million.

ESPN first reported that the Pelicans and Holiday had a deal.