<div class='quotetop'>QUOTE </div><div class='quotemain'></p> <div class="bi">Contracts Extended</div> <div> <span style="font-style: italic">Oct 29</span> - The Hornets extended a fourth-year option on Chris Paul's current three-year contract Sunday that keeps him from becoming a free agent.</p> </p> The Hornets also exercised the third-year option on backup center Hilton Armstrong's two-year, rookie-scaled contract that he signed after New Orleans selected him as the 12th overall pick in the first round of the 2006 NBA Draft. -- <font color="#000000">New Orleans Times-Picayune</font></p></div></div>