So, Holiday will return to New Orleans.
Adrian Wojnarowski of ESPN:
Holiday’s max over five years is $172,421,820. So, at least New Orleans came in under that.
At any price, the Pelicans almost had to keep him. They enter a win-now year with general manager Dell Demps seemingly on the hot seat and DeMarcus Cousins on an expiring contract. New Orleans had no mechanism to adequately replace Holiday, whose Bird Rights allowed the Pelicans to pay him.
Holiday is good and just 27. He could live up to this deal. Of course, his injury history and stagnation in the salary cap could turn it into an albatross.
The odds of this working out aren’t ideal, but neither is the Pelicans’ situation. At this point, losing Holiday would’ve been worse for all involved. So, they ponied up to keep him.