According to Brian Windhorst of ESPN, the veteran point guard may sign a reduced contract. If he does leave, he is expected to land with the Lakers or Clippers.

Paul played the last three seasons in Phoenix and averaged 13.9 points, 8.9 assists and 4.3 rebounds this past season. The veteran point point guard has two more years left on his four-year, $120 million contract. He is a four-time NBA All-Star and two-time All-NBA First Team selection.