Chris Paul Rumors | Hoops Rumors

Chris Paul Signs Four-Year Deal With Suns

August 6th, 2021 at 4:52pm CST by Luke Adams

AUGUST 6: Paul’s new contract is official, the Suns announced today in a press release.

AUGUST 3: Paul’s new four-year deal is a little more team-friendly than the initial reports suggested, according to John Gambadoro of Arizona Sports 98.7 (Twitter links), who says the third year will only be about 50% guaranteed and the fourth year will be a team option.

While the deal could be worth $120MM if Paul plays out the whole thing, Gambadoro suggests it only features about $75MM in fully guaranteed money.

AUGUST 2: Free agent point guard Chris Paul has agreed to a four-year contract with the Suns that could be worth up to $120MM, reports Chris Haynes of Yahoo Sports (Twitter link). Paul will turn 40 years old in 2025, the year the deal expires.

Paul turned down a $44MM player option with Phoenix on Sunday in order to lock in a more lucrative longer-term deal. The Suns were the only team that could have offered him more than three years due to the NBA’s Over-38 rule, so it’s possible that helped push the deal over the finish line.

“After this season in Phoenix and experiencing how amazing the fans were, my chemistry with my teammates, with (Devin Booker), with Monty (Williams), I knew Phoenix was where I wanted to be,” Paul told Haynes. “It’s time to get back to work.”

According to Marc J. Spears of The Undefeated, Paul underwent surgery on his left wrist shortly after the NBA Finals ended last month. However, he’s expected to be ready for the start of training camp in the fall, a source tells Spears.

Paul, who has played for four teams in the last five seasons, had one of the best years of his decorated career with Phoenix in 2020/21. His individual numbers – including 16.4 PPG, 8.9 APG, and 4.5 RPG in 70 games (31.4 MPG) – weren’t as impressive as the ones he was posting earlier in his career, but he helped turned the Suns from a lottery team into a legit contender.

Phoenix finished the season with the NBA’s second-best record and represented the Western Conference in the NBA Finals, taking a 2-0 lead over Milwaukee before dropping the next four games. Paul earned Second Team All-NBA honors and a top-five finish in MVP voting as a result of his impressive season.

Because Paul’s 2021/22 salary will now be significantly lower than the $44MM+ he would’ve earned if he had picked up his option, the Suns now have some added cap flexibility for the coming season, allowing the team to make use of its mid-level exception. However, the club projects to be deep into the tax in future years if it completes long-term extensions with Deandre Ayton and Mikal Bridges, as is expected.

Free Agency Rumors: Paul, Caruso, Birch, Green, Heat

August 4th, 2021 at 1:37pm CST by Eli Cohen

The Pelicans offered Chris Paul a $100MM contract early in free agency, ESPN’s Brian Windhorst said on today’s episode of The Hoop Collective podcast. Windhorst believes the Pelicans’ offer helped convince the Suns to add a fourth year to their offer — that fourth year is not guaranteed, but it’s not clear if New Orleans’ offer would have been fully guaranteed either.

According to Windhorst, after new Pelicans head coach Willie Green tried to help recruit him, Paul entertained the idea for some time before ultimately committing to the Suns.

On the same episode of The Hoop Collective podcast, ESPN’s Ramona Shelburne stated that Alex Caruso was willing to go back to the Lakers for three years and $30MM, but that the Lakers weren’t willing to higher than about $7MM per year for the veteran guard. Concerns about an exorbitant luxury-tax penalty factored into that decision, per Shelburne.

We have more free agency rumors:

Khem Birch could be nearing a return to the Raptors, according to Michael Grange of Sportsnet.ca (Twitter link). Grange reports that there’s “growing momentum” toward the two sides reaching a deal. The 28-year-old center was extremely productive in his 19 games for the Raptors after coming over in a trade, and has turned himself into a solid starting center over the last couple seasons.
Add the Cavaliers to the list of teams interested in Danny Green, reports ESPN’s Jordan Schultz. Schultz also confirms, in a follow-up tweet, that the Lakers remain interested in a reunion with Green, which Chris Haynes of Yahoo Sports previously reported. It doesn’t appear the Lakers will be able to offer Green more than the veteran’s minimum though.
Following their deal with Victor Oladipo, the Heat remain interested in a low-cost veteran guard who will be healthy at the start of the season, according to Barry Jackson of The Miami Herald (Twitter link), who names Lou Williams as a player who would “welcome” interest from the team.

Knicks Notes: Point Guards, Rose, Grimes, Jokubaitis

August 2nd, 2021 at 10:45am CST by Arthur Hill

Leon Rose has been conservative about spending since taking over as president of the Knicks, but he’s ready to put the team’s more than $50MM in cap space to good use, writes Marc Berman of The New York Post. New York has more money available than anyone heading into free agency, and the primary target will be a new point guard.

The dream scenario for Rose is to land his former CAA client, Chris Paul, who declined his $44.2MM player option on Sunday. The Knicks are one of two teams that can offer Paul $123MM over three seasons, but there are indications that he prefers to stay in Phoenix after leading the Suns to the NBA Finals.

New York is also interested in Kyle Lowry, who reportedly is leaning toward the Heat, but the Knicks can offer a starting salary up to $39MM, which is more than he could get in Miami. However, Berman notes that would limit the team’s other options, such as finding a scoring wing like Evan Fournier, Duncan Robinson, Norman Powell or Kelly Oubre.

The most likely option may be Dennis Schröder, who won’t be staying in L.A. now that the Lakers have Russell Westbrook. The Knicks scouted Schröder extensively this week, Berman adds, to make sure he’s a good fit for Tom Thibodeau’s system.

There’s more from New York:

The free agency process will provide an indication of how much the Knicks value Derrick Rose, notes Ian Begley of SNY.tv. Rose played an important role after being acquired from the Pistons at midseason, but a rival team told Begley that some members of New York’s front office want to let him get other offers on the free agent market before making one of their own.
The Knicks traded down before drafting Quentin Grimes, but they knew they couldn’t go lower than the 25th pick, according to Mike Vorkunov of The Athletic. Kelvin Sampson, Grimes’ college coach at Houston, talked to New York general manager Scott Perry during the draft and says the Nuggets were ready to take Grimes at No. 26 if had still been available.
Second-round pick Rokas Jokubaitis is expected to spend another year overseas before joining the Knicks, Berman adds in a separate story. The Lithuanian guard will join Barcelona after playing the past three seasons for Zalgiris. New York is already looking at four potential rookies on its roster next season, and Jokubaitis is on board with the plan, according to Donatas Urbonas of BasketNews.

Hollinger’s Latest: CP3, Knicks, Fournier, Bulls, Rose, Pacers, More

August 2nd, 2021 at 10:28am CST by Luke Adams

There was talk last week that the Pelicans would be a serious suitor for Chris Paul in free agency, but that chatter seems to have faded, according to John Hollinger of The Athletic, who says the veteran point guard is now widely expected to re-sign with the Suns.

As Hollinger explains, he heard the Suns’ initial offer to Paul when the two sides were discussing a possible extension was somewhat “underwhelming,” but the club now appears prepared to offer a more serious package. No one around the league will be surprised if the total value of Paul’s new deal gets up to $100MM or more, Hollinger adds.

Here are several more free agent rumors from Hollinger:

Amidst rumors that Evan Fournier‘s price tag may be too high for the Celtics‘ liking, Hollinger suggests that the Knicks may be the team preparing to make an aggressive offer to the free agent wing. Hollinger adds that it’s worth keeping an eye on Mitchell Robinson and the Knicks, since a renegotiate-and-extend deal is a possibility for the two sides. That sort of agreement would give Robinson a raise for 2021/22 and lock him up for multiple seasons.
If the Bulls don’t land Lonzo Ball, one of their backup plans may be offering Derrick Rose a deal in the neighborhood of $12MM per year, says Hollinger.
Hollinger’s sources expect T.J. McConnell to stick with the Pacers for a deal worth around – or slightly above – the taxpayer mid-level exception ($5.9MM), but the competition for Doug McDermott will be fiercer and Indiana will face tax issues if the team wants to re-sign both players without trimming salary elsewhere.
If Richaun Holmes‘ presumed suitors – such as Charlotte and Toronto – end up using their cap room in other ways, he might be squeezed in free agency, allowing the Kings to re-sign him despite only holding his Early Bird rights. If that scenario plays out, Hollinger expects Holmes to sign a two-year deal with a player option so that he can hit the open market again in 2022 with full Bird rights.
There hasn’t been much free agent chatter surrounding Nuggets guard Will Barton or Trail Blazers Norman Powell, according to Hollinger, who writes that teams seems to be assuming those two players will remain with their respective clubs.
It has been tricky to figure out what the Spurs plan to do with their projected cap room, says Hollinger. Daniel Theis is the most prominent free agent target Hollinger has heard linked to San Antonio.

Chris Paul To Decline Player Option, Enter Free Agency

August 1st, 2021 at 4:42pm CST by JD Shaw

Suns star Chris Paul is declining his $44.2MM player option for the 2021/22 season, allowing him to enter unrestricted free agency this week, according to Shams Charania of The Athletic (Twitter link).

As we previously relayed, Paul remains likely to re-sign with the team on a new deal. ESPN’s Adrian Wojnarowski reports (via Twitter) that there remains optimism between both sides that a new agreement will be reached in free agency.

Entering free agency will allow Paul to seek a multiyear contract and one last big payday. The 36-year-old reached the NBA Finals for the first time in his 16-year career last season, averaging 16.4 points and 8.9 assists per game and earning All-NBA Second Team honors. He’s widely considered to be the most valuable guard on the open market this summer.

As ESPN’s Bobby Marks notes (via Twitter), the Suns can sign Paul to a contract up to four years if he officially opts out. Other teams with salary cap space are restricted to offering him a three-year deal due to the Over-38 rule, which is designed to prevent teams from circumventing the salary cap by offering a contract that extends beyond when the club expects a player to end his career. Paul will turn 38 in May of 2023.

In addition to his impressive averages, Paul also shot 49.9% from the floor and 39.5% from three-point range — all while playing 70 of 72 regular-season games for Phoenix in 2020/21. He was in the final year of a four-year, $160MM contract signed in 2018.

Chris Paul Considered Likely To Remain With Suns

July 31st, 2021 at 8:23am CST by Dana Gauruder

Chris Paul will likely remain with the Suns on a contract for at least three years and $90MM, according to Jake Fischer of Bleacher Report. Fischer writes that the veteran point guard “appears all but destined to return to Phoenix.”

Paul holds a $44.2MM option on his contract for next season. He could opt out and become an unrestricted free agent, then re-sign with the club for multiple years. Alternatively, he could opt in and sign an extension.

The Pelicans were eager to acquire Paul, which would have given them a top-notch veteran floor leader to pair with franchise player Zion Williamson. Newly-hired head coach Willie Green has a close relationship with Paul and the perennial All-Star lobbied Houston’s front office to hire Green as an assistant when he played there. New Orleans tried to bring in Paul via a trade last off-season before he was acquired by the Suns from Oklahoma City.

An ESPN report this week also noted the connection between Green and Paul and the likelihood of CP3 staying put. Suns GM James Jones had expressed optimism that Paul would remain with the club.

There had been talk around the league this week about Paul potentially bolting from the Western Conference champions, Fischer adds. One of those avenues was closed when the Lakers opted to trade for Russell Westbrook.

Salary-cap issues, plus a rivalry between the two franchises, essentially made a potential Suns-Lakers trade a moot point.

Windhorst’s Latest: Grizzlies, Kings, Pelicans, CP3, Siakam, Simmons

July 30th, 2021 at 4:00pm CST by Luke Adams

Before they agreed to a deal with the Pelicans that sent Jonas Valanciunas to New Orleans and the No. 10 pick to Memphis, the Grizzlies made it “pretty far down the road” in talks with the Kings about a similar trade, ESPN’s Brian Windhorst said on his latest Hoop Collective podcast.

According to Windhorst, the deal the Grizzlies and Kings discussed would’ve involved Marvin Bagley III and the No. 9 pick going to Memphis, with Valanciunas heading to Sacramento. It’s not clear what other pieces were included in those discussions.

Here are a few more items of note from Windhorst’s podcast:

Kyle Lowry has frequently been cited as the Pelicans‘ top point guard target in free agency, but the team would also be interested in making a run at Chris Paul, believing his connection to former Phoenix assistant Willie Green could help sell him on a return to New Orleans, says Windhorst. However, according to Windhorst, the feeling around the NBA is that Paul will ultimately stick with the Suns.
Discussing the Raptors‘ decision to select forward Scottie Barnes with the No. 4 pick, Windhorst suggested that Toronto has “offered Pascal Siakam around” this offseason. An earlier report indicated that some teams believe the Raptors will become more inclined to pursue a Siakam trade with Barnes in the fold.
Confirming some other reports that have surfaced in recent days, Windhorst says the Sixers‘ asking price in Ben Simmons talks has been extremely high. Windhorst’s take on the offers he has heard about: “(They’ve been) so aggressive and outlandish that it makes you walk away saying, ‘They’re not really trying to trade him.'”

Free Agency Rumors: Collins, Cavs, CP3, Clippers

July 30th, 2021 at 9:22am CST by Luke Adams

NBA teams interested in signing restricted free agent John Collins are growing “increasingly pessimistic” that they’ll be able to pry away the big man from the Hawks, league sources tell Marc Stein (Twitter link).

The Hawks and Collins couldn’t come to an agreement on an extension during the 2020 offseason, with Atlanta reportedly making a four-year offer in the neighborhood of $90MM, while Collins was believed to be seeking the max. That gap created a sense that the Hawks may be reluctant to match an aggressive offer sheet for Collins this summer, but based on Stein’s report, it sounds like rival suitors are skeptical about Atlanta letting the 23-year-old get away.

Here are a few more free agents from around the league:

The Cavaliers had Alex Caruso and T.J. McConnell high on their list of free agent targets, but after agreeing to acquire Ricky Rubio from Minnesota, Cleveland may use its mid-level exception to address a position other than point guard, writes Chris Fedor of Cleveland.com.
Like Suns owner Robert Sarver, general manager James Jones isn’t sure whether or not Chris Paul will pick up his player option to remain in Phoenix. But if Paul opts out, Jones is optimistic the two sides can reach a new deal. “I think what we have is enticing. I think he likes being here. We like having him here,” Jones said, per Duane Rankin of The Arizona Republic. “So I’m confident that we will be able to have a conversation hopefully in the coming days that will make everyone happy.”
Clippers president of basketball operations Lawrence Frank said the team wants to bring back Kawhi Leonard, Reggie Jackson, and Nicolas Batum in free agency and hopes that Serge Ibaka opts into the final year of his contract, as Andrew Greif of The Los Angeles Times relays. Frank also acknowledged that the club expects Leonard to miss time next season due to his ACL sugery. “That’s going to require a great deal of time and we want to support him in that,” Frank said.

Western Rumors: CP3, Wolves, Simmons, Barton, Thunder

July 29th, 2021 at 9:26am CST by Luke Adams

Addressing Chris Paul‘s contract situation during an appearance on Arizona Sports’ Burns & Gambo, Suns owner Robert Sarver said he wasn’t sure whether or not the veteran point guard would pick up his player option.

Asked if there was a scenario in which Paul opts out and doesn’t return, Sarver replied, “I don’t know. I’m sure there probably is. But I think our first priority would be to try to get him back, but that’ll depend on his agent and (Suns general manager) James (Jones) and him and me and all that kind of stuff, so I don’t know. We’ll see next week I guess, right?”

Despite Sarver’s hedging, I’d still be a little surprised if Paul and the Suns don’t either agree to an extension or a new contract in the coming days. The Suns owner added that he’s prepared to begin paying luxury tax penalties either next season or the following year, as team salary continues to rise.

Here’s more from around the West:

The Timberwolves don’t have a pick in Thursday’s draft, but they’ve been making calls “all over the league,” according to Jon Krawczynski of The Athletic, who says Minnesota remains in the hunt for a power forward. A trade for Ben Simmons is unlikely, but the Wolves haven’t given up on the possibility in the event the Sixers drop their asking price, Krawczynski adds.
There’s “growing optimism” that Will Barton and the Nuggets will be able to agree to a new deal in free agency, writes Mike Singer of The Denver Post. Barton turned down his $14.7MM player option for 2021/22, but remains interested in returning to Denver on a longer-term contract.
John Hollinger of The Athletic has heard some chatter about the possibility of the Thunder trying to trade up to No. 3 in order to select Evan Mobley. However, he notes that the Cavaliers – and other teams that talk to Oklahoma City – will likely try to extract a king’s ransom, given the Thunder’s stockpile of draft picks. OKC may not be willing to pay that price.

Point Guard Rumors: Paul, Conley, Lowry, Dinwiddie, More

July 27th, 2021 at 9:39am CST by Luke Adams

After watching Chris Paul play a key role in turning the Suns into a legit title contender in 2020/21, teams around the NBA are weighing whether they might be able to replicate that success by adding a veteran guard such as Kyle Lowry, Mike Conley, or Paul himself this summer, writes ESPN’s Brian Windhorst. Those three point guards will be free agents and will headline a talented group that also includes Lonzo Ball, Spencer Dinwiddie, Dennis Schröder, and Derrick Rose, among others.

According to both Windhorst and Bleacher Report’s Jake Fischer, there’s a belief around the NBA that the Jazz will be able to re-sign Conley this offseason, even if they have to shed some salary to comfortably do so. However, they’ll face competition for the point guard. Windhorst and Fischer identify the Mavericks as one team expected to be in the hunt for Conley.

As for Paul, he has indicated he’s prepared to turn down his $44MM+ player option for 2021/22, but it’s possible that’s a leverage play, writes Windhorst. If the Suns and Paul are interested in continuing their relationship, a scenario in which CP3 picks up his player option and then signs an extension at a lesser rate may be in both sides’ best interest. If Paul does opt out and seeks a new team, he’ll be limited by the Over-38 rule to a three-year contract.

Here are a few more notes on the point guard free agent market:

Keith Pompey of The Philadelphia Inquirer confirms a Miami Herald report that stated Kyle Lowry is expected to be seeking a three-year, $90MM contract in free agency.
The Knicks will be among Lowry’s suitors and are willing to offer him somewhere between $20-30MM per year for two seasons, according to Pompey, who says that Spencer Dinwiddie and swingman Evan Fournier are among New York’s other potential targets. Dinwiddie is thought to be seeking $25MM annually, while Fournier is after $18MM per year, says Pompey. I’m skeptical that Dinwiddie, especially, will achieve that goal.
Dinwiddie is viewed as a likely Plan B for the Pelicans if they’re unable to land Lowry, according to Fischer. As Windhorst notes, current New Orleans GM Trajan Langdon previously worked in Brooklyn’s front office during Dinwiddie’s time with the Nets.
League executives believe the Pelicans are willing to let Lonzo Ball go if they find another option they like or if Ball receives an aggressive offer sheet, writes Windhorst.
Bulls head coach Billy Donovan, who had success with Dennis Schröder in Oklahoma City, is thought to be interested in a potential reunion with the Lakers guard, according to Windhorst.
Timberwolves veteran Ricky Rubio is among the point guards whose names have been floated on the trade market so far, per Windhorst.