The Clippers aren't giving Livingston a Qualifying Offer, so he'll be an Unrestricted Free Agent as of July 1.

From Hoopsworld :

Shaun Livingston will play in the NBA again, maybe as early as next season, but he may not play for the LA Clippers. The Clippers are opting not to extend a qualifying offer (worth just over $5 million), meaning Shaun Livingston will become an unrestricted free agent July 1st. This is actually smart business by the Clippers. League sources that are familiar with the type and severity of Shaun's knee injury have often referred to it as the worst sports related knee injury they have ever seen. Most question how effective Shaun will be with that knee, and how often will problems with that knee surface. The surgery was a success, the rehab was a success too, but how limiting will it become, especially in the short term? The Clippers can still make an offer to Shaun, and likely will once the market is set for him. Is there a team willing to shower money on Shaun knowing he is a limited offensive player with a bad knee? Shaun is not a great shooter and scorer, a lot of his ability comes from his incredible court vision, awareness and his athletic quickness in getting into the paint. That quickness will be affected by the knee and it may be a couple of seasons before he learns to adjust his game to what his surgically repaired body will allow. The Clippers are being smart business wise, they know firsthand how severe Shaun's knee really is, and they are not going to over pay for it.

Well, what do you think?  Should the Kings take a chance on his knee?