Adrian Wojnarowski of ESPN:
A four-year max contract will pay Paul $159,730,592. He was eligible for a fifth year that would have paid $47,063,478, but good for Houston for avoiding that.
This is still a lot to pay Paul, 33. He remains an elite player, but he’s at an age most players decline. The final years of even this four-year deal could get ugly.
That said, the Rockets are going for it now, and Paul is instrumental to that. He, James Harden and a well-crafted supporting cast can challenge the Warriors. The present value is well worth the potential future downside for Houston.