UNDATED (AP) — Chris Paul opted out of the final year of his contract with the Phoenix Suns over the weekend, but he’s staying put.
A person with knowledge of the deal has told The Associated Press tha Phoenix is bringing back the veteran point guard on a four-year deal that could be worth up to $120 million. The package would keep him with the Suns until he’s 40 years old.
Paul helped the Suns reach the NBA Finals this past season.
The AP has learned of several other NBA moves through people familiar with the negotiations:
— Kyle Lowry’s representatives have announced that he is heading to the Heat. A person with knowledge of the deal said Lowry would be signing a three-year package worth nearly $30 million annually. The contract is part of an eventual sign-and-trade that sends Goran Dragic and Precious Achiuwa from Miami to Toronto.
— The Mavericks are bringing back shooting guard Tim Hardaway Jr. on a $72 million, four-year contract.
— The Nuggets have reached two-year agreements with guard Will Barton and forward JaMychal Green.
— Cavaliers center Jarrett Allen has agreed to a $100 million, five-year contract to remain with Cleveland.
— Lonzo Ball is heading to the Bulls in a sign-and-trade agreement that will send guards Tomas Satoransky and Garrett Temple to the Pelicans.
