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Congratulations to CP3!! Clippers star Chris Paul has been elected president of the National Basketball Player’s Association. What does this exactly mean?! Details after the jump…

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Via ESPN:

Chris Paul became the highest profile player in more than a decade to head the National Basketball Players Association, as he was elected president Wednesday after a two-day meeting in Las Vegas.

Paul, a vice president on the union’s executive board for the past four years, is the biggest star to lead the group since Patrick Ewing in 2001. He begins his 18-month term replacing Derek Fisher, who had been president since 2006, with the NBPA in turmoil after 18 months of in-fighting, firings and lawsuits.

Paul’s most important job now will be to guide the union through the process of selecting a replacement for Billy Hunter, who was fired as NBPA executive director in February. Neither Paul nor Jerry Stackhouse, who had been a union vice president before resigning his position this week, would commit to a timetable or discuss whether a search firm was in place to do that.

“We’re in no rush,” said Stackhouse, a free agent who plans to remain with the union in an advisory role. “We’ve identified a number of (candidates).”

The union would like to have a new executive director in place before Feb. 1, when Adam Silver will take over as NBA commissioner. There are a number of issues from the 2011 collective bargaining agreement that were tabled and need resolution. Those include blood testing for performance-enhancing drugs, including HGH, and the age limit to enter the draft, which currently is 19.

“For us, it’s all about getting our house in order and making sure that everything moves right in that direction,” Paul said.

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