Chris Paul will likely remain with the Suns on a contract for at least three years and $90MM, according to Jake Fischer of Bleacher Report. Fischer writes that the veteran point guard “appears all but destined to return to Phoenix.”
Paul holds a $44.2MM option on his contract for next season. He could opt out and become an unrestricted free agent, then re-sign with the club for multiple years. Alternatively, he could opt in and sign an extension.
The Pelicans were eager to acquire Paul, which would have given them a top-notch veteran floor leader to pair with franchise player Zion Williamson. Newly-hired head coach Willie Green has a close relationship with Paul and the perennial All-Star lobbied Houston’s front office to hire Green as an assistant when he played there. New Orleans tried to bring in Paul via a trade last off-season before he was acquired by the Suns from Oklahoma City.
There had been talk around the league this week about Paul potentially bolting from the Western Conference champions, Fischer adds. One of those avenues was closed when the Lakers opted to trade for Russell Westbrook.
Salary-cap issues, plus a rivalry between the two franchises, essentially made a potential Suns-Lakers trade a moot point.