Report: Paul joins LRMR Marketing

Published Jul. 8, 2010 1:00 a.m. ET

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

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!

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