ESPN.com said:Chris Paul has verbally agreed to a five-year, $107 million contract extension to remain with the Los Angeles Clippers, his agent, Leon Rose, confirmed to ESPNLosAngeles.com on Monday morning.
Paul can't sign his new contract until July 10 but could agree to terms as of 12:01 a.m. ET.
"I'm in. ClipperNation," Paul tweeted.
SportsNation: Paul re-signs with Clippers
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Paul always intended to stay with the Clippers, sources said, and that sentiment was only strengthened when the team tabbed Doc Rivers as head coach and senior vice president of basketball operations earlier this week.
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