John Wall and the Houston Rockets have agreed that his contract will be bought out, a move that will free him to sign with any team of his choosing, two people with knowledge of the situation said Monday night.

Wall's preference will be to sign with the Los Angeles Clippers, according to one of the people who spoke to The Associated Press on condition of anonymity because the five-time All-Star guard had not announced his intentions publicly.

Wall will receive roughly $41 million from Houston, according to the other person who spoke with AP. Wall was scheduled to make $47.4 million this coming season, his last in what was a four-year contract.