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, says he has spoken to Hornets general
manager Jeff Bower by phone and they are in general agreement on
the possible terms of an extension for Paul, who has one season
remaining on his current contract.
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 raises going forward. Such a deal would
pay Paul from $60 million to more than $80 million, depending on
the length of the contract.

(Copyright 2008 by The Associated Press. All Rights Reserved.)