Chris Paul and the Clippers essentially have a verbal agreement in place for a new contract this summer, sources close to the process tell Steve Kyler of Basketball Insiders. Although the star point guard is technically eligible for an extension now, he can get a longer-term – and more lucrative – deal by re-signing with the club in July.
A verbal agreement isn’t binding, so things could change between now and July, but Paul has always been viewed as likely to remain in Los Angeles. As Kyler notes, the 31-year-old will be eligible to sign a new five-year contract worth more than $200MM this offseason, so as long as the Clippers are willing to put that offer on the table – and it seems they are – there’s virtually no chance of CP3 changing teams.
Kyler’s latest Basketball Insiders piece also features several other interesting tidbits related to players on expiring contracts, so let’s round up a few of the highlights…
- Other free agent point guards who are strong bets to re-sign with their current teams: Stephen Curry (Warriors), Jrue Holiday (Pelicans), and Kyle Lowry (Raptors). According to Kyler, New Orleans is prepared to offer Holiday the max, or something close to it, while Toronto is willing to make a similar offer to Lowry, as long as he wants to remain with the team.
- Like Paul, teammates Blake Griffin and J.J. Redick are viewed as highly likely to re-sign with the Clippers this summer, per Kyler. The Thunder were mentioned at one point as a potential suitor for Griffin, but OKC has since added a ton of salary to its 2017/18 books, and Kyler suggests that Griffin was never all that interest in returning to Oklahoma, where he played his college ball.
- Sources close to the George Hill situation say the point guard is very happy in Utah. There’s mutual interest in a new deal this offseason between Hill and the Jazz, but it remains to be seen how high the team will be willing to go with its offer, Kyler writes.
- According to Kyler, the Bulls are interested in re-signing free-agent-to-be Taj Gibson, but there’s a belief that he’ll want to explore other options in free agency, which makes Chicago’s decision this week a little trickier — the club won’t want to risk losing him for nothing.
- Although Derrick Rose is viewed as very available, his contract will make it difficult to move him, since the Knicks want to maintain cap flexibility, says Kyler.
- For a few more notes on players with expiring contracts, be sure to check out Kyler’s full piece.