In 2017, Chris Paul opted in to facilitate a trade to the capped-out Rockets. By forgoing free agency and a max salary, Paul sacrificed $10,083,055 that season. With Paul and James Harden, the Rockets became a championship contender and pushed the Warriors in the 2018 Western Conference finals.
The bill came due last summer.
Houston re-signed the aging Paul to a four-year max contract worth $159,730,592. That deal always looked like it could age poorly, and Paul – now 34 – is already slowing.
Rockets owner Tilman Fertitta has noticed.
Fertitta has grumbled about Paul’s contract, expressing regret to Rockets staffers and even in front of rival executives, according to league sources.
Fertitta bought the Rockets after they traded for Paul. Though the sale was completed before they re-signed Paul, it seems the contract terms were at least discussed as far back as the opt-in-and-trade.
So, Fertitta didn’t necessarily sign off on this arrangement.
But it was good for Houston! It made the Rockets the biggest threat to the Kevin Durant-supercharged Warriors to that point. Re-signing Paul helped keep Houston in title contention this year. The Rockets were limited in that pursuit by Fertitta’s spending limitations, not by locking Paul into this contract.
Yes, there’s downside to Paul’s deal. Houston is feeling it now. Paul will be difficult, though not impossible, to trade this summer.
But as much as Fertitta talks about winning, he yet again shows why that’s all bluster.