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The Clippers waived Wallace on Wednesday, Tomer Azarly of ClutchPoints.com reports.
Wallace agreed to a two-way deal with L.A. just over a week ago but didn't end up making his NBA debut before the Clippers opted to hand his two-way slot to guard Xavier Moon, who was signed in a corresponding move. Assuming he clears waivers, Wallace will likely remain in the organization and rejoin the G League's Ontario Clippers.
