Chris Paul will likely remain with the Suns on a contract for at least three years and $90MM, according to Jake Fischer of Bleacher Report.

Paul holds a $44.2MM option on his contract for next season. He could opt out and become an unrestricted free agent, then re-sign with the club for multiple years. Alternatively, he could opt in and sign an extension.

The Pelicans were eager to acquire Paul, which would have given them a top-notch veteran floor leader to pair with franchise player Zion Williamson. Newly-hired head coach Willie Green has a close relationship with Paul and the perennial All-Star lobbied Houston’s front office to hire Green as an assistant when he played there. New Orleans tried to bring in Paul via a trade last off-season before he was acquired by the Suns from Oklahoma City.