John Wall is planning to sign with the Clippers, sources told ESPN, after the veteran point guard reached a buyout with the Rockets.
Wall, who was due $47.4 million from the Rockets after exercising the player option for the final year of his contract, agreed to take $6.5 million less to become a free agent, a source told ESPN. That is roughly the amount of the taxpayer midlevel exception, which Wall could receive once he is able to negotiate a deal with the Clippers.
The Rockets wanted to reach an agreement with Wall before free agency begins Thursday to maximize his options in selecting his next team, sources said. The Rockets and Wall, 31, reached a mutual decision for the veteran guard not to play last season with Houston in the early stages of a rebuild. The Rockets instead prioritized the development of young guards
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