HANG TIME HEADQUARTERS — The Los Angeles Clippers didn’t waste any time handling their business when the free agency floodgates opened at midnight.
They offered extensions to both of their All-Stars, Blake Griffin and Chris Paul, getting an agreement from Griffin on a five-year extension worth up $95 million while Paul declined to accept his three-year, $60 million offer, per The Los Angeles Times:
Griffin, who is locked up for the next six years, will earn $7.2 million next season.
Paul, who will earn $17.7 million next season, is in the last year of his contract. He is waiting to sign an extension after next season, which is a better financial decision, said a source close to the point guard.
Paul can sign a five-year, $108-million extension with the Clippers in July 2013.
Contracts can be agreed upon but cannot be signed until July 11.