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July 1st, 2008 Chris Paul update

Chris Paul will be a Hornet for at least four more years. The Agent for the Hornets all star guard said he will be in New Orleans tomorrow to finalize Paul's new "max" deal with the team. Paul could have opted for a 3 year deal , but agent Lance Young said Paul will sign a 4 or 5 year deal.

The NBA salary cap could be at least 60 million dollars per team. In a max deal , Paul could earn 25 percent of the cap. That is $15 million for the first year, with 10 percent raises to follow. If Paul signs a five year deal it would be worth more than $90 million dollars.

Ed Daniels
12:12 pm

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