According to Tim MacMahon of ESPN, Wall has agreed to return $6.5 million of his 47.4 million contract to the Rockets to complete the buyout. Interestingly, that is around the taxpayer midlevel exception for the 2022-23 season.
John Wall recently picked up his player option with the Rockets worth $47.4 million, but there was never a doubt that he'll be leaving. He has no future in Houston after sitting out the whole 2021-22 season, and with the franchise entering a full rebuild, it was only a matter of time before he leaves.
Interestingly, fresh from his buyout agreement, Adrian Wojnarowski of ESPN dropped another bombshell update revealing that Wall has plans to sign with the Los Angeles Clippers after he clears waivers. While Woj did note that other teams are calling to pursue the veteran point guard, Wall appears to have his eyes on LA and play under Tyronn Lue.
Prior to the Clippers news, the Los Angeles Lakers and Miami Heat were said to be interested in Wall. Especially after Kyrie Irving opted in on his contract with the Brooklyn Nets, the Purple and Gold might have added motivation to pursue the veteran guard. Unfortunately, it looks like both teams have lost the chase.