Russell Westbrook and the Clippers agreed to a two-year contract at $7.8 million with a player option in the second year, down from $47 million last year. It won't be long before he becomes Melo, where no team will be interested in him and he will simply resign. As expected given his dismal performance the previous season, but not at such a rapid pace, making it the largest pay cut in league history, according to Hoopshype.
I think that he just took it so quickly that the other offers could have been lowball already. This is much better than no offer and we'd seen that with Melo it's like the last minute until a team has given him an offer. It's only gonna be a matter of time before he's going to have the same fate as him but we shall see how the LAC will do this season. They seem to have a good setup of roster and could do good and hopefully he'll also get himself back the way we knew how he was before but yeah, time passes by and that's unlikely.
Just to add, Westbrook now holds the record for the largest pay cut in NBA history.
From $47M last year to now $3.9M per year. Anyway, it seems like the Clippers want him to be back, and with PG and Kawhi injury-prone, they need a player like Russ to carry the team. I still believe that he can still be a great player, and can score at least 20 points anytime if given the opportunity. I just hope that he will improve his shooting, and don't throw bricks out there.

As for no team interested in him, I don't think that Russ, and Melo will have the same faith. Melo don't want to be a bench at that time thus, no team wanted him. Russ on the other hand is willing to be a bench player if that will help the team. Melo is egoistic while Russ doesn't, and can adjust if needed. Let's give Russ this season to improve, and if he improves this season, with him having a Player Option for the next season, teams will surely want him again to play with them.