Paul, along with former Los Angeles Rams running back Jerome Bettis, Terrell Owens and Kevin Hart, became the first celebrity owners in the inaugural season of the Professional Bowlers Association's PBA League.
The PBA League will feature eight teams of five PBA players each and make its debut in January. ESPN will televise five weeks of PBA League competition beginning Jan. 27, plus the PBA League Elias Cup finals in April.
Paul will not be playing for his yet-to-be-named Los Angeles franchise but is an avid bowler. He has hosted the Chris Paul PBA Celebrity Invitational charity bowling event on ESPN the past four years benefitting his CP3 Foundation.
"This is exciting for me and for the sport of bowling," Paul told PBA.com. "I love PBA action, have enjoyed getting to know many of the top bowlers and look forward to my team competing for the first PBA League Elias Cup."
Paul's team name will be revealed later this month, but Los Angeles' franchise player will be five-time PBA champion Jason Belmonte of Australia.
Paul will be joined by Bettis, Owens, Hart and other celebrity team owners and players in the Chris Paul PBA League All Stars special event, which will air on ESPN on Feb. 3.