Several teams, including possibly the Cavs, have been lining up wanting to get their hands on Hornets point guard Chris Paul. Hornets owner George Shinn wanted to quiet the speculation.

“The resolve that my partner Gary Chouest and I have will always remain the same – to continue to build our legacy in New Orleans, and to develop a path and plan to win an NBA championship for New Orleans and all of Louisiana,” Shinn said in a statement. “We are about building and sustaining a winning tradition. Chris Paul is the cornerstone of our franchise and brings us unequaled support on and off the court.

“We will continue to build around Chris Paul, and we want to see him in a Hornets uniform for the remainder of his career. We have an exciting future, and with the leadership of our new head coach and players like Chris Paul, we know the best is yet to come. We plan to take advantage of any opportunities to improve our team.”

Paul told ESPN.com that he wants to stay with the Hornets unless they are ready to go through a rebuilding process.