JUNE 28: The Rockets have officially announced their buyout agreement with Wall, issuing a statement thanking him for his professionalism and wishing him the best. The point guard is now on track to clear waivers on Thursday.
JUNE 27: John Wall is finalizing a purchase with the Rockets and will become an unrestricted free agent, according to Chris Haynes of Yahoo Sports.
Wall’s agent Rich Paul of Klutch Sports is meeting with Rockets GM Rafael Stone on Tuesday to complete the buyout, sources told Haynes.
Wall intends to join the Clippers once he clears waivers, though other teams are also calling, ESPN’s Adrian Wojnarowski tweet.
There had been momentum toward a buyout or trade after Wall picked up his $47.4MM player option for the 2022/23 season last week. The size of Wall’s contract made it very difficult to find a suitable trade partner.
Wall is giving back $6.5MM in order to part ways with Houston and sign with the team of his choice, Tim MacMahon of ESPN tweet. That’s approximately the same amount as a taxpayer mid-level exception, which suggests that’s likely what he’ll get from the Clippers, MacMahon adds (through Twitter).
Wall has played in just 72 regular season contests since the 2017/2018 season. He put up solid numbers during 40 games with Houston in ’20/21, averaging 20.6 PPG and 6.9 APG, though he shot a career-worst 40.4% from the field. His production peaked in ’16/17, when he averaged 23.1 and 10.7 APG for Washington. His career was sidetracked by heel surgery and a ruptured Achilles tendon.
Last season, the rebuilding Rockets, who were intent on starting a young starting backcourt of Jalen Green and Kevin Porter Jr., reached an agreement with Wall to allow him to remain away from the team. Wall collected $44.3MM during his agreed-upon exile.