The New Orleans Pelicans commence free agency the right way after coming to terms with starting point guard Jrue Holiday on a new contract. According to ESPN’s Adrian Wojnarowski, the deal is for five years, worth $126 million.

Holiday’s 2016-2017 season was an inspiring one as he began the year tending to his then-ailing wife, forcing him to be out indefinitely. The former All-Star managed to return and play 67 games in one of the better campaigns of his career individually.

He averaged 15.4 points, 3.9 rebounds, 7.3 assists, and 1.5 steals in a standout performance for New Orleans, admirably filling in as their leader when Anthony Davis missed some games due to injury.

The Pelicans’ franchise is poised to enter next season in high spirits as Davis and DeMarcus Cousins already have a handful of games together under their belt.

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Holiday will then play a huge role as the team’s stabilizer on both ends of the floor as they attempt to open up some eyes and eagerly compete for a playoff spot.

Unfortunately for teams that hoped to land Holiday, they will have to look elsewhere for their long-term floor general.