Paul nearing contract extension with Hornets

NEW ORLEANS (AP) -- Chris Paul's agent plans to travel to New Orleans on Wednesday with the intention of completing a contract extension that would keep the All-Star and Team USA point guard with the Hornets for an additional three to five years. Lance Young, a senior director of the sports marketing and management company Octagon, said Tuesday that he had spoken to Hornets general manager Jeff Bower by phone and that they were in general agreement on the terms of an extension for Paul, who has one season remaining on his current contract. "We seem to be pretty much on same page," Young said. "A little tweak here and there and we'll probably get it done in the next 48 hours." Paul is seeking the maximum pay allowable under the league's collective bargaining agreement, or about 25 percent of the NBA salary cap with 10 percent... [read full story]                    

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