Adrian Wojnarowski explains why the 76ers are in the lead position to acquire Paul George in free agency. (1:00)
"Paul has informed us that he is signing his next contract with another team," the Clippers said in a statement. "Paul is a tremendous talent and an elite two-way player. We feel fortunate for the five years we spent with him. Over that span, he went to three All-Star Games, made the most 3-pointers in franchise history and helped lead the team to a place it had never been. His performances in Games 5 and 6 against Utah in 2021 won't be forgotten by anyone associated with the Clippers.
"We traded a lot to pair Paul and Kawhi [Leonard], and in exchange, we had five seasons of contention. Even though we fell short of our ultimate objective, we appreciate the chances we had with Paul."
George's decision to move on comes after what the Clippers described as a "significant" gap in contract negotiations. George was eligible to sign an extension of up to four years and $221 million during the season.
After the Clippers and Leonard agreed to a three-year, $150 million extension in January, George was optimistic he would have his own extension soon, as well. But the two sides were "far apart."
George is eligible to sign a four-year, $212 million contact with teams that have cap space.
The Clippers -- who have agreed to a two-year, $70 million deal with free agent point guard James Harden, sources told ESPN -- said they explored a trade that would have required George to opt in to his $48.8 million player option prior to Saturday's deadline.
But the organization has taken a measured approach to roster construction with the new collective bargaining agreement being so punitive for taxpaying teams such as the Clippers.
"Heading into this offseason, our roster was constructed [with] three great players 33 and over, two of whom could become free agents," the Clippers said in the statement. "We wanted to retain them on contracts that would allow us, under the constraints of the new CBA, to continue building the team.
"We negotiated for months with Paul and his representative on a contract that would make sense for both sides, and we were left far apart. The gap was significant. We understand and respect Paul's decision to look elsewhere for his next contract. We explored an opt-in and trade scenario, but it would have left us in a similar position under the new CBA, with very little asset value to justify the restrictions."
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George's departure brings the Leonard-George era to a disappointing end. During the summer of 2019, the Clippers celebrated perhaps their biggest moment ever when Leonard chose to sign with the team as a free agent and LA then struck a blockbuster trade to land George.
The Clippers had to surrender a massive haul to acquire the All-Star wing, sending Shai Gilgeous-Alexander, Danilo Gallinari, unprotected 2022, 2024, 2026 first-round picks, first-round rights swaps in 2023 and 2025 and unprotected 2021 and protected 2023 first-round picks via the Miami Heat to the Oklahoma City Thunder.
The Leonard-George duo brought immense title expectations, but persistent injuries kept the pair from reaching the NBA Finals. The Clippers have one Western Conference finals appearance in 2021 to show for the previous five years.
