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I doubt any of us did, by all accounts, family notwithstanding, he was very happy in Phoenix. If anything, the bigger risk was having to give him 3 years with a player option in year 2 and 3 and no salary discount from him. But that doesn't mean there was zero chance we could lose him. Also, to be clear, the risk wasn't just that we could lose him to LA - there's also a very rich guy in charge of that other LA franchise.
My thoughts were that Chris Paul chose to be in Phoenix and nothing happened last season for him to change his mind. Also I think he got the deal he wanted. He was the NBA player representative at the time so he knew the market. At this point in his career, I don't think Paul is all about the money. Paul's relationship with Devin Booker was an important factor as well.