Report: CP3 turns down contract extension

Report: CP3 turns down contract extension

Credit: Getty Images

MEMPHIS, TN - MAY 13: Chris Paul #3 of the Los Angeles Clippers drives between Mike Conley #11 and Rudy Gay #22 of the Memphis Grizzlies in Game Seven of the Western Conference Quarterfinals in the 2012 NBA Playoffs at FedExForum on May 13, 2012 in Memphis, Tennessee. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement (Photo by Kevin C. Cox/Getty Images)

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wwltv.com

Posted on July 1, 2012 at 11:54 AM

WWLTV.com
Email: webteam@wwltv.com | Twitter: @WWLTV

ESPN's Chris Broussard is reporting that Chris Paul has turned down a three-year contract extension with the Clippers.

Rather than sign a max-contract deal worth $60 million, Paul will play out the 2012-2013 season and hit free agency, where he'll seek a five-year, max contract deal that should exceed $100 million.

The former Hornet's teammate, Blake Griffin, intends to sign a five-year extension with the Clippers later this month.

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