Lance Stephenson has agreed to sign with the New Orleans Pelicans.

Stephenson has been a free agent after the Memphis Grizzlies declined their team option on his contract.

Stephenson signed a three-year, $27 million deal with the Charlotte Hornets in 2014.

The Pelicans will be without Jrue Holiday for at least the first part of the season as he attends to his wife's health issues.