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Chris Paul announces he will re-sign with Clippers

Free agent point guard Chris Paul has decided to stay with the Clippers.
(Wally Sklaij / Los Angeles Times)
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Chris Paul informed the Clippers on Monday that he is re-signing with the team.

Paul made the announcement to the rest of the NBA world via his Twitter feed:

I’M IN!!! #CLIPPERNATION — Chris Paul (@CP3) July 1, 2013

Paul 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.

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Paul didn’t even talk to any other teams when the free-agency period opened at 9:01 p.m. Sunday.

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