John Wall set to join LA Clippers after reaching buyout with Houston Rockets, sources say

Wall agreed to take $6.5 million less to become a free agent

That is roughly the amount of the taxpayer midlevel exception

which Wall could receive once he is able to negotiate a deal with the Clippers.

The Rockets wanted to reach an agreement with Wall

before free agency begins Thursday to maximize his options in selecting his next team, sources said.

The Rockets and Wall, 31, reached a mutual decision for the veteran guard not to play last season with Houston