Star point guard Chris Paul, who led the Phoenix Suns to their first NBA final since 1993, has agreed to a four-year contract extension of up to $ 120 million, US media reported Monday.
Paul, 36, terminated his current contract by turning down a $ 44.2 million option for next season, becoming an unrestricted free agent.
Contract agreements with free agents cannot be made official until the start of the new NBA season on August 6.
Despite playing part of the playoffs injured, Paul led the Suns to the League final, where they lost in six games to the Milwaukee Bucks.
The veteran organizer underwent wrist surgery but is expected to return in time for the start of the 2021-2022 NBA season, ESPN reported.
In his 16th NBA season, Paul averaged 16.4 points, 8.9 assists and 4.5 rebounds per game with the Suns. In 20 playoff games, he averaged 19.2 points, 8.6 assists and 3.5 rebounds.
In other free-agent moves reported Monday, fellow point guard Kyle Lowry, who spent nine years with the Toronto Raptors, joins the Miami Heat. Lowry, 35, won an NBA title with Toronto in 2019.
The stellar organizer posted on Twitter: “MIAMI HEAT X KYLE LOWRY … LET’S GO TO GOO !!” The Heat also agreed to bring back restricted free agent Duncan Robinson on a five-year, $ 90 million deal, their agent, Jason Gluson, told ESPN.
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