The deal was agreed to on draft night, when the Pelicans drafted Noel with the No. 6 overall pick. They sent his rights to the 76ers along with a 2014 first-round pick for Holiday, who made his first All-Star team last season.
Pelicans general manager Dell Demps said Friday in a statement that Holiday "is the ideal fit for our team" and "will be an integral addition to the Pelicans' family for many years to come."
Noel was considered the potential No. 1 pick despite tearing his ACL during his lone season at Kentucky.