July 3, 2008 Chris Paul agreed to a three-year contract extension with an option for a fourth year, this according to the Times Picayune.
The deal is estimated at $68 million, $20 million per season.
Our View: Hornets General Manager Jeff Bower and Paul's agent had been in discussions since Wednesday after agreeing in principle on the extension Tuesday.
July 2, 2008 Chris Paul and agent Lance Young met with the Hornets today to discuss a new contract extension, but they have yet to strike a deal, according to the Associated Press.
Our View:Paul is trying to decide between a four-year deal worth $68 million or a five-year extension worth $87 million, Young said. The extension would go into effect after next season, the last season covered by the contract Paul signed as a rookie in the summer of 2005.
July 1, 2008 Chris Paul will be getting a three to five year contract extension, according to Sportsline.com. His agent, Lance Young, is en route to New Orleans to hammer out the details. "We seem to be pretty much on same page. A little tweak here and there and we'll probably get it done in the next 48 hours," Young said. Depending on the length, the contract could be worth anywhere from $60 to $80 million.
Our View:This was obviously a no-brainer. Paul could have been the MVP this season, and is probably in line for that award at some point in the future. He is one of the best players in the NBA and should be treated as such in fantasy leagues.
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