Chris Paul: NBA...

In addition to shedding that salary, the Warriors are likely to be without Klay Thompson next season, who is an unrestricted free agent and is increasingly unlikely to resign with his team for the past 13 seasons. This leaves the Warriors with $147.2 million in committed salary for next season, and they enter free agency as a non-taxpaying midlevel team. Chris Paul

Adrian Wojnarowski reports on the Warriors waiving Chris Paul, allowing him to become an unrestricted free agent. (1:17)

The 39-year-old veteran was acquired for Jordan Poole last summer -- a move that now equates to a salary dump, as Paul's contract is coming off the books for nothing.

The Warriors initially pushed Paul's guarantee date so they could explore trade opportunities, but nothing materialized.