Chris Paul Expected to Re-Sign With LA Clippers for $107 Million
A deal hasn’t formally been agreed to yet between Chris Paul and the LA Clippers, but it appears to only be a matter of time until CP3 is back in the fold.
The superstar point guard – while too busy partying last night to meet with the Clippers – is expected to soon agree to a five-year extension, worth $107.3 million.
Per the LA Times:
Paul, an unrestricted free agent, can’t sign his contract until July 10 when the NBA lifts its moratorium on free-agent signings. The plan was for Doc Rivers, the Clippers’ new coach and senior vice president of basketball operations, to represent the team by showing up at Paul’s home right when the free-agency period opened, the NBA officials said. But Paul attended the BET awards show earlier Sunday and was unable to meet with Rivers.
Paul will earn $18.7 million in the first year of his proposed new deal. Paul, who could have signed a maximum four-year deal for $79.7 million with another team, didn’t talk to any other teams during the short process for him. Once the Clippers hired Rivers as coach, Paul had no intentions of leaving Los Angeles, the executives said.
The LA Clippers have done just about everything to ensure Chris Paul’s happiness, and their plan appears to have worked.
According to reports, the Clippers will now turn their attention to free agents such as Tony Allen and OJ Mayo.