Paul, a nine-time All-Star, and MVP James Harden elevated the Rockets to the best record in the National Basketball Association (65-17) this season before losing a seven-game series to Golden State in the conference finals.
Chris Paul is re-signing with the Rockets. Paul missed least 20 games in each of the past two seasons due to different injuries.
Molinari pulls away at Quicken Loans for first PGA Tour win
Francesco Molinari won his first PGA Tour title with a convincing eight-shot victory at the Quicken Loans National in Maryland. The French Open offered valuable Ryder Cup points on a course where the matches will be played this fall.
Houston first acquired Paul last offseason when he signed with the Clippers and was traded to the Rockets for several players and draft picks. The veteran point guard will get the max contract he asked for, worth $160M over four years.
The Rockets also ended Paul's pursuit of a conference finals appearance.
Paul will enter his 14th season in the National Basketball Association after being drafted No. 4 overall by the Hornets in 2005. In 58 games during the regular season, he averaged 18.6 points, 7.9 assists, 5.4 rebounds and 1.7 steals per game. CLINT CAPELA LATEST The Rockets front office will meet with Clint Capela and his agents in Los Angeles on Sunday, ESPN reported. The Rockets understandably haven't made a can't-refuse offer to Capela yet because of those tax worries, but there is also no indication thus far that a team out there is on the brink of luring him out of Houston.