For the Good Times: A Tribute to Ray Price finds Willie paying tribute to one of his most legendary influences and longtime friend, Ray Price. The album debuts Willie's new interpretations of 12 songs Price made famous, including "Heartaches by the Number," "Crazy Arms," "Night Life," "Faded Love" and "For the Good Times." It was produced and arranged by longtime Nelson and Price friends/collaborators, Fred Foster and Bergen White.

The rich history between Price and Nelson goes back to 1960, when Nelson was an aspiring singer-songwriter who’d just moved to Nashville to advance his musical career. Securing a deal with Pamper Music, a publishing company co-owned by Price, Nelson’s “Night Life” became a Top 40 country hit for Price. Shortly thereafter, Nelson joined Price’s band, The Cherokee Cowboys, as the bassist.

For the Good Times showcases the breadth of Price’s output by featuring Nelson’s unique approach in his tribute. For the more traditional country songs, Nelson and Foster recruited the Grammy Award-winning Western swing outfit The Time Jumpers, featuring such luminaries as guitarist Vince Gill and pedal steel player Paul Franklin.