Warriors cancel $215 million trade for Chris Paul before waiving him: Report

Golden State Warriors waive Chris Paul after failed trade deal with Chicago Bulls involving Zach LaVine, opt for cap relief.

Chris Paul and Klay Thompson of the Golden State Warriors were seen celebrating after Thompson made a three-point shot. However, Paul's time with the Warriors was short-lived as they waived him after a potential trade with the Chicago Bulls fell through.

The Bulls had offered Zach LaVine in a trade package that involved Paul, but the Warriors deemed it inadequate. Despite attempts to delay Paul's guaranteed salary date to facilitate another trade, his camp did not agree. Paul was also part of trade packages aimed at acquiring Paul George, but George's decision to become an unrestricted free agent closed that door.

The Warriors had acquired Paul in a trade with the Washington Wizards with the hope that his veteran leadership would bolster their team. However, Paul's role off the bench and his sacrifices throughout the season did not result in the desired outcome.

Now, Paul enters free agency after a challenging season. Despite his age, he remains a sought-after point guard, with interest from teams like the San Antonio Spurs and the Clippers. The Warriors are looking to trade Andrew Wiggins for a backup point guard to fill the void left by Paul, or they may explore the free-agent market for alternatives.