Warriors release Chris Paul | Hoops Rumors

5:25 PM: The Warriors have officially waived Paul, the team confirmed (via Twitter).

Chris Paul vert4:45 PM: Warrior's Forgiving the point guard chris paulChris Haynes of TNT and Bleacher Report tweeted. Paul will now become an unrestricted free agent after clearing waivers.

Golden State had to decide today whether to guarantee Paul's $30MM salary for the 2024/25 season. The Warriors and Paul both agreed to push the guarantee date from Friday to Sunday.

The Warriors had attempted to include Paul's contract in a blockbuster deal that included a potential swap with the Clippers Paul GeorgeHowever, they were unable to do anything.

Paul, who turns 39 in May, remained productive in 2023/24, averaging 9.2 points, 6.8 assists and 3.9 rebounds in 26.4 minutes per game in 58 games (18 starts) for the Warriors. He posted a shooting line of .441/.371/.827.

The rule preventing tax-apron teams from signing an exempt player whose previous salary was higher than the full mid-level exception applies only if the player is fired during the regular season. Thus, Paul is free to sign with anyone.

sonswhich may only offer minimum contracts to veteran players, could be an option for Paul, though John Gambadoro of Arizona Sports 98.7 (Twitter link) dismissed that possibility. Shear has also been mentioned as a possible landing site.

Another interesting possibility is that SpursThat’s according to Marc Stein (Twitter link), who says San Antonio has “strong” interest. The 12-time All-Star could be a natural, if short-term, pick-and-roll partner Victor WembanyamaUndoubtedly, there will be other contenders for the future Hall of Famer.

Meanwhile, the Warriors are in the unusual position of getting into the tax bracket by expiring Paul's contract. ESPN's Bobby Marks tweeted that they currently have $147.2MM in salary commitments among 12 players, which is roughly $31MM over the first tax bracket. That puts them in a position to potentially use the full mid-level exception and/or the bi-annual exception. Clay Thompson And Dario Saric are now free agents.

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