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Chris Paul accepts 5 year, $107M contract with Clippers
Posted: Mon Jul 1, 2013 4:05 am
by mkwest
Chris Paul to accept Clips' extensionChris Paul is expected to verbally agree to a five-year, $107 million contract extension with the Los Angeles Clippers shortly after the team is able to officially offer it to him, beginning at 12:01 a.m. ET Monday morning, sources have told ESPN.
More On The Clippers
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Paul's decision to stay with the Clippers is hardly a surprise. The only suspense remaining is when and how he will officially accept. Paul cannot sign his new contract until July 10th but he can agree to terms before then.
Paul tweeted earlier Sunday from the BET Awards in Los Angeles, and thus might not be in position to agree to terms Sunday night. But it won't be long afterwards.
Ramona Shelburne,
ESPN Los Angeles
Re: Chris Paul to accept 5 year, $107M contract with Clipper
Posted: Mon Jul 1, 2013 4:10 am
by RiversideClips
I hope that he verifies his intention so other FA's may want to come & win in L.A. w/ him. Now it is time to call or knock on Matt Barnes house.
Re: Chris Paul to accept 5 year, $107M contract with Clipper
Posted: Mon Jul 1, 2013 4:15 am
by mkwest
RiversideClips wrote:I hope that he verifies his intention so other FA's may want to come & win in L.A. w/ him. Now it is time to call or knock on Matt Barnes house.
They're supposed to be meeting with him soon.
Re: Chris Paul to accept 5 year, $107M contract with Clipper
Posted: Mon Jul 1, 2013 4:24 am
by apet8945
Matt Barnes should absolutely be the next person we talk to.
Re: Chris Paul to accept 5 year, $107M contract with Clipper
Posted: Mon Jul 1, 2013 4:33 am
by mttwlsn16
Apet!!! Wish u would hang here more. Me and Ned are here from the prev site we both got banned at bc of the ridic laker homer mods.
I'm sure Ned would 110% agree
Re: Chris Paul to accept 5 year, $107M contract with Clipper
Posted: Mon Jul 1, 2013 5:16 am
by Neddy
hey hey.
Re: Chris Paul to accept 5 year, $107M contract with Clipper
Posted: Mon Jul 1, 2013 5:50 am
by apet8945
mttwlsn16 wrote:Apet!!! Wish u would hang here more. Me and Ned are here from the prev site we both got banned at bc of the ridic laker homer mods.
I'm sure Ned would 110% agree
Haha, yeah I remember. I just kinda lost interest in participating in forums. I mean, I liked the old one we were all in cause it was a small family of Clipper fans. When that went down, I stopped participating. I do ghost through forums a lot though, and may put in my 2 cents from time to time.
Re: Chris Paul to accept 5 year, $107M contract with Clipper
Posted: Mon Jul 1, 2013 3:50 pm
by Det the Threat
[tweet]https://twitter.com/CP3/status/351723809063190531[/tweet]
Re: Chris Paul to accept 5 year, $107M contract with Clipper
Posted: Mon Jul 1, 2013 4:02 pm
by azncorruptedo17
i'm glad CP3s back.
my half season tix woulda been a bad investment if he didn't xD lol
Re: Chris Paul accepts 5 year, $107M contract with Clippers
Posted: Mon Jul 1, 2013 5:59 pm
by mkwest
[tweet]https://twitter.com/ArashMarkazi/status/351726717599088641[/tweet]
[tweet]https://twitter.com/ramonashelburne/status/351727435559088128[/tweet]
[tweet]https://twitter.com/ramonashelburne/status/351738617347063810[/tweet]
[tweet]https://twitter.com/ESPNChrisPalmer/status/351735326022184960[/tweet]
Chris Paul announces he will re-sign with ClippersPaul will sign a maximum five-year deal worth $107.3 million with the Clippers. But the All-Star point guard can’t sign his contract until the NBA lifts its moratorium on July 10.
He’ll earn $18.8 million in the first year of the deal.
NBA executives said it had always been a formality for Paul to remain with the Clippers after the hiring of Doc Rivers as coach and senior vice president of basketball operations with the team last week.
Paul didn’t even talk to any other teams when the free-agency period opened at 9:01 p.m. Sunday.
Brad Turner,
LA Times
Re: Chris Paul to accept 5 year, $107M contract with Clipper
Posted: Mon Jul 1, 2013 6:15 pm
by mj_shoefanatic
<--- the look on my face after hearing the good news!!!
apet8945 wrote:Matt Barnes should absolutely be the next person we talk to.
This
Chris Paul Contract
Posted: Mon Jul 1, 2013 7:01 pm
by Cane4Ship
Hi all,
Orlando Magic fan here, but wanted to congratulate you on the re-signing of CP3.
Apologies if this has been discussed already but while reading, CP3 agreed to a $107million contract, I've been hearing the max a player can earn under new CBA ruling (with 5 years) is $118 million, does this mean CP3 took a pay cut of sorts?
Also, does it come along with a opt-out clause (similar to how in the previous CBA)?
Cheers!
Re: Chris Paul Contract
Posted: Mon Jul 1, 2013 7:35 pm
by mkwest
Cane4Ship wrote:Hi all,
Orlando Magic fan here, but wanted to congratulate you on the re-signing of CP3.
Apologies if this has been discussed already but while reading, CP3 agreed to a $107million contract, I've been hearing the max a player can earn under new CBA ruling (with 5 years) is $118 million, does this mean CP3 took a pay cut of sorts?
Also, does it come along with a opt-out clause (similar to how in the previous CBA)?
Cheers!
Check out Larry Coon's
CBA FAQ. It tells you everything you want to know about contracts.
A "maximum contract" varies from player to player based on the amount of years in the league and the amount of their previous salary.
-The maximum for a player coming off of a rookie contract (i.e. 0-6 years NBA experience) will command 25% of the salary cap.
-The maximum for a player coming off of his 2nd contract (i.e. 7-9 years NBA experience) will command 30% of the salary cap.
-The maximum for a player with 10+ years of NBA experience can command 35% of the salary cap.
-The maximum salary of a new contract is never less than 105% of the player's previous salary which takes priority over the general maximum salary percentages (i.e. 25%, 30% or 35% of the cap).
In other words, Dwight Howard's potential max salary is greater than Chris Paul's potential max salary.
Re: Chris Paul accepts 5 year, $107M contract with Clippers
Posted: Mon Jul 1, 2013 7:42 pm
by bulldogcharly
This is going to be HUGE throughout the rest of free agency. Players we're interested in will be more open to coming here and possibly taking less money after seeing how sure CP3 was he wanted to come back here.
Re: Chris Paul accepts 5 year, $107M contract with Clippers
Posted: Mon Jul 1, 2013 8:13 pm
by azncorruptedo17
bulldogcharly wrote:This is going to be HUGE throughout the rest of free agency. Players we're interested in will be more open to coming here and possibly taking less money after seeing how sure CP3 was he wanted to come back here.
we? come back here? =X are you claiming to be a clippers fan with a kobe sig? can't have both homeslice.
Re: Chris Paul accepts 5 year, $107M contract with Clippers
Posted: Tue Jul 2, 2013 3:14 am
by scratch21
Chris Paul? never heard of the guy. I hope he's worth it
Re: Chris Paul accepts 5 year, $107M contract with Clippers
Posted: Tue Jul 2, 2013 3:27 am
by Quake Griffin
Very happy and very excited. Let's round up this roster next, then Doc coach em up!
Re: Chris Paul accepts 5 year, $107M contract with Clippers
Posted: Tue Jul 2, 2013 3:40 am
by mkwest
Re: Chris Paul accepts 5 year, $107M contract with Clippers
Posted: Tue Jul 2, 2013 3:58 am
by mttwlsn16
Is that actually on staples or a photoshop of Dwight's lol
Re: Chris Paul accepts 5 year, $107M contract with Clippers
Posted: Tue Jul 2, 2013 4:22 am
by mkwest
mttwlsn16 wrote:Is that actually on staples or a photoshop of Dwight's lol
It's a photoshop, but would be hilarious if it was real.
