John Wall is finalizing a buyout 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.
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 expected to give back approximately $7MM in order to part ways with Houston and sign with the team of his choice.
Five-time NBA All-Star John Wall will secure a buyout with the Houston Rockets and become an unrestricted free agent, league sources tell @YahooSports.
— Chris Haynes (@ChrisBHaynes) June 28, 2022
John Wall and the Houston Rockets have agreed to a buyout, per @ChrisBHaynes
Wall will now become an unrestricted free agent pic.twitter.com/80JFVjueHm
— Bleacher Report (@BleacherReport) June 28, 2022