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The second year of the contract is a player option, sources said. Because New Orleans had previously declined Rivers' fourth-year option, the most the Clippers could pay him is what his 2015-16 salary would have been if the option had been exercised.
Rivers, who turns 23 on Aug. 1, averaged 7.1 points and 1.7 assists in 41 games for the Clippers after they acquired him in a midseason trade with the Boston Celtics. The Celtics had previously acquired Rivers in a three-team deal with the New Orleans Pelicans and Memphis Grizzlies, but he did not play for Boston.
Rivers, the son of Clippers coach Doc Rivers, was taken by New Orleans as the 10th overall pick of the 2012 NBA draft.