As of this afternoon, Jrue Holiday has signed his 5 year, $126 million contract extension with the Pelicans. Holiday verbally agreed to this extension less than 12 hours after free agents were first allowed to negotiate with NBA teams on July 1st, but was only allowed to sign his contract at noon eastern time Thursday. The deal will presumably make Jrue the Pelicans’ second highest paid player (on an annual basis) behind Anthony Davis, but that will only be confirmed when contract details emerge.
This evening, the Pelicans conducted a press conference to formally announce the signing. Overall, there were no real surprises during this conference – Scott Kushner of the New Orleans Advocate gave some of the highlights via his Twitter account.