Jrue Holiday’s free-agency options are getting limited, and the odds are improving that he winds up staying put in New Orleans.

According to league sources, some of the potential Holiday suitors have seen their interest drop off in recent weeks, and a glut of point guards available either by trade (Ricky Rubio, Eric Bledsoe) or free agency (George Hill, Jeff Teague) has watered down the market.

TRADE TRACKER: Biggest rumors, reported deals ahead of free agency

That’s strengthened the bargaining position of the Pelicans once free agency opens this weekend. The New Orleans brass remains concerned that Holiday fully intends to test the market in the coming days, and that he might have already convinced himself that he should be elsewhere. But the market has shifted.

“They want to keep him,” one league executive said. “They’re going to do all that they can to keep him. But the way things have played out, there is not as much pressure on them, once they roll out the red carpet for him.”

The Pelicans don’t have cap space, but they can offer Holiday a max deal worth five years and about $170 million. Naturally, they don’t want to go that high, and the price tag could ultimately decide Holiday’s future. He is expected to begin talks with a max offer, however, and that would be a contract that would weigh heavily on the Pelicans going forward.

But circumstances have changed for some of the Pelicans’ competitors. Brooklyn had interest in bringing in Holiday, but that was before the trade that landed them D’Angelo Russell. The Bulls were also said to be interested, but that was before they began their rebuilding in earnest with the Jimmy Butler trade. The Knicks have long been interested in Holiday, but sources say he would only leave New Orleans for a playoff-ready team. The Knicks certainly do not qualify.

MORE: Five things the Knicks must do in the post-Phil Jackson era

The Mavericks, too, have been interested, but their intention has always been to focus on re-signing Nerlens Noel, the big man they acquired at the trade deadline. There had been talk that the Sixers would attempt to re-acquire Holiday, but the drafting of guard Markelle Fultz indicates they won’t be looking for a starting point guard.

That leaves the Pelicans with scant competition. Holiday will draw interest from the Nuggets, a source said, and Denver is expected to be aggressive on the free-agent market. And, for the Pelicans, it only takes one team to draw Holiday away. But in handicapping Holiday’s next move, the Pelicans have the upper hand.

There are indications that Holiday does come into free agency with some gratitude toward the Pelicans as an organization, stemming from the support he received last year as he was aiding his ailing wife, Lauren, who was pregnant with their first child while coping with a brain tumor that required surgery. Both his wife and child survived the ordeal, and Holiday returned to the team in mid-November.

At the same time, the organization has been unstable throughout Holiday’s four-year tenure, and that will weigh on his decision.

For the Pelicans, making a large, long-term commitment to Holiday comes with risk. He averaged 15.4 points and 7.3 assists last season, but struggled with injuries in his first three seasons in New Orleans, playing 139 of 246 games from 2013-16.

But letting Holiday walk would leave the Pels with few options to improve the roster, and the team’s brain trust — especially general manager Dell Demps and coach Alvin Gentry — are under pressure to get back to the playoffs in the wake of last February’s blockbuster DeMarcus Cousins deal. Holiday is the priority, and the Pelicans have some reason for confidence.