The Los Angeles Clippers waived Eric Gordon on Wednesday night, deciding not to guarantee his $21 million contract for next season. 

According to Bobby Marks of ESPN, the move will lower the Clippers' projected tax bill from $169 million to $59 million. The team is currently $18 million over the tax threshold.

The Clippers traded for Gordon during this season's trade deadline for Luke Kennard, John Wall, and a protected pick swap.