L.A. Clippers point guard Chris Paul has informed the organization that he will opt out of the last year of his contract in order to test the free agency waters, according to a dual report by ESPN's Chris Haynes and Jeff Goodman.

Teammate Blake Griffin has also informed the franchise of his decision to opt out of his deal, reportedly growing tired of playing alongside Paul after several conflicts between the two.

Paul is eligible to cash in big this summer, potentially scoring a super-max contract with the Clippers that can net him roughly $210 million over a five-year period.

The dime wizard has also been linked to the San Antonio Spurs, who have shown a deep interest in him. But, they would have to make some very risky decisions in order to entertain an offer. San Antonio would only be able to offer a four-year, $152 million deal for the 32-year-old, a vast difference from what his current team can shell out for his services.

The Clippers have emerged as one of the top teams in the West since Paul's arrival, but like him, have failed to get past the second round of the playoffs — an impasse which will leave both parties with plenty to think about.

Free agency will get under way on July 1.