Paul, Octagon parting ways

Updated: July 8, 2010, 5:14 PM ET
Associated Press

NEW ORLEANS -- A person familiar with the deal says the Hornets' Chris Paul has joined LeBron James' marketing company.

Paul
Paul

The person spoke to The Associated Press on the condition of anonymity because the deal with LRMR Marketing had yet to be announced.

Earlier Thursday, Octagon basketball managing director Jeff Austin, who negotiated Paul's current four-year, $68 million contract with New Orleans, confirmed that Paul had ended his five-year relationship with the agency.

The news first was reported by Yahoo.com

Austin says Octagon is proud of its work on Paul's basketball contract, marketing relationships and charitable endeavors, and wishes him continued success.


Copyright 2010 by The Associated Press

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