Free agent star point guard Chris Paul has reached an agreement with the Phoenix Suns on a mammoth deal to return on a four-year contract worth up to $120 million, league sources told Yahoo Sports.

This new deal will expire when the future Hall of Famer is 40 years old. Since the Suns have Paul's Bird rights, he was eligible for a four-year deal without triggering the league's Over-38 rule.

The agents responsible for negotiating the contract are CAA’s Steve Heumann and Ty Sullivan.