HANG TIME HEADQUARTERS – Chris Paul‘s free-agent summer is over.
He’s sticking with the Los Angeles Clippers, as expected, and Tweeted out the news for anyone who didn’t know:
That ends the major free agent business of the summer for the Clippers, who added Doc Rivers as their coach and senior vice president of basketball operations last week.
Paul has agreed to put his signature on a five-year, $107 million deal that will include the standard opt-out after the fourth year. Paul will not be able to sign the deal until July 10th, when the league moratorium on signing new deals is lifted.
Any suggestions of the Clippers doing business the way they did during their leanest years seem to have evaporated with the Rivers ranking as the highest-paid coach in the league along with stars like Paul and Blake Griffin piling up the big bucks. Time will tell if this sort of spending leads to the championship caliber team that everyone involved desires.
The Clippers are a luxury tax team, employs the highest paid coach and has committed over $200 million to its two stars.—
Arash Markazi (@ArashMarkazi) July 01, 2013