By choosing not to guarantee the veteran guard’s $21 million contract and allowing him to become an unrestricted free agent, the Clippers shave $110 million off their luxury tax bill.
The Clippers waived Eric Gordon on Wednesday, electing not to guarantee his $21 million contract, and allowing him to become an unrestricted free agent.
The move is seen as a cost-saving measure, cutting the Clippers’ projected luxury tax bill from $169 million to $59 million, according to ESPN. The team is $18 million over the $165 million tax threshold. Cutting ties with Gordon also enables the Clippers to be more flexible with their payroll. With his ability to space the floor and bury 3-point shots , the veteran guard is expected to attract plenty of interest. He has averaged 16 points per game on 37% 3-point shooting over his 15-year career.
Gordon averaged 11 points and 2.1 assists in 22 appearances in his second stint with the Clippers after being acquired from Houston in a three-team trade in February. The Clippers had drafted him with the No. 7 pick in the 2008 NBA Draft.
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