AP sources: Wall to be bought out, intends to join Clippers
John Wall and the Houston Rockets have agreed that his contract will be bought out, a move that will free him to sign with any team of his choosing, two people with knowledge of the situation said Monday night.
Wall’s preference will be to sign with the Los Angeles Clippers, according to one of the people who spoke to The Associated Press on condition of anonymity because the five-time All-Star guard had not announced his intentions publicly.
Wall will receive roughly $41 million from Houston, according to the other person who spoke with AP. Wall was scheduled to make $47.4 million this coming season, his last in what was a four-year contract.
Yahoo first reported that Wall and the Rockets came to the buyout decision. ESPN first reported that Wall intends to join the Clippers, presumably for the taxpayer mid-level exception of about $6.4 million — basically the same amount he’s giving back to the Rockets to become a free agent. No agreement can be struck between Wall and any team until he clears waivers and becomes a free agent.