NEW ORLEANS — Chris Paul’s agent plans to travel to New Orleans today 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 said Tuesday he and Hornets general manager Jeff Bower were in general agreement on the terms of an extension for Paul, who has one season remaining on his contract.
“We seem to be pretty much on the same page,” Young said. “A little tweak here and there and we’ll probably get it done in the next 48 hours.”
Footnotes.
The Wizards have initiated contract talks with guard Gilbert Arenas, who is likely to receive a deal worth roughly $125 million over six years. The team also can’t comment on the talks with Arenas or announce a deal until a league-mandated moratorium expires July 9.
• Spurs guard Brent Barry, a career .407 3-point shooter, opted out of his contract and became a free agent.
• Guard Jose Calderon, who averaged 11.2 points and 8.3 assists in 82 games last season, reached a “preliminary agreement” to remain with Toronto.
• The Trail Blazers reached an agreement to sign guard Rudy Fernandez, who has played the past seven seasons for DKV Joventut Badalona of the Spanish ACB League.
• The Bobcats declined to pick up a team option on forward Othella Harrington.
The Associated Press
