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Paul agreed to a contract to remain with the Western Conference champion Phoenix Suns, another person with knowledge of that deal said. It would be worth nearly $120 million if all four years are completed and would push Paul’s career earnings past the $400 million mark. He turned down a $44.2 million option for next season to negotiate a longer deal, and after the success the Suns had in their run to the NBA Finals, it seemed doubtful he would look to play elsewhere.