Chris Paul and the Los Angeles Clippers have agreed to a five-year max contract that’s worth $107 million. Here’s the word from Ramona Shelburne of ESPN Los Angeles:
Chris Paul has verbally agreed to a five-year, $107 million contract extension to remain with the Los Angeles Clippers, his agent, Leon Rose, confirmed to ESPNLosAngeles.com on Monday morning.
Paul can’t sign his new contract until July 10 but could agree to terms as of 12:01 a.m. ET.
“I’m in. ClipperNation,” Paul tweeted.
Paul always intended to stay with the Clippers, sources said, and that sentiment was only strengthened when the team tabbed Doc Rivers as head coach and senior vice president of basketball operations earlier this week.
via Chris Paul accepts Clips’ extension | ESPN LA
With Paul on board for the next five years the Clippers can now begin to focus on improving the team around him. Half of their team from last season, Matt Barnes, Lamar Odom, Ronny Turiaf, Chauncey Billups, Ronny Turiaf and Ryan Hollins, are all unrestricted free agents and the team lacks a starting shooting guard heading into 2012-13.