Paul eligible for super-max extension with Rockets next summer

Wednesday's bombshell that the Houston Rockets had reportedly acquired Chris Paul from the Los Angeles Clippers was met with more than just surprise from a basketball perspective.

Paul, after all, apparently picked up his $24.2-million final-year option with the Clippers - allowing them to trade him for Patrick Beverley, Lou Williams, Sam Dekker, and a draft pick. In doing so, Paul rejected the notion of re-upping with L.A. on a five-year "super-max" contract worth north of $205 million.

Given that, it would seem clear Paul was ready to move on, but the financials indicate the nine-time All-Star isn't losing out on much.

The point guard can either sign a four-year, $150-million extension with Houston beginning in January, or become a free agent next summer when his contract expires and be eligible for a five-year pact worth around $205 million with the Rockets - who now hold his Bird Rights.

Paul - as president of the of NBPA - helped negotiate features of the CBA, including super-max deals and the over-38 rule he could benefit from as he doesn't turn 33 until next May. Whether Houston would want to commit to Paul long term like that is the team's decision, of course.

A few other pot-sweeteners are at play for Paul on the Gulf Coast. He's eligible to be paid a $3.6-million trade kicker from the Clippers, and Texas has no state income tax.