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Sports Report: Lakers request waiver on remainder of Deng's contract

02:00  21 october  2020
02:00  21 october  2020 Source:   thescore.com

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Luol Deng has been set free. According to multiple reports , Deng and the Los Angeles Lakers have reached a buyout agreement on the remainder of his The Lakers signed Deng to a four year, million contract in 2016. The stretch-and-waive allows them to free up more space by paying out the

Deng ' s buyout leaves him with million for the two years left on his contract , which the Lakers will use the waive and stretch provision to soften the short-term salary cap hit. The Lakers could've waited until next summer to use the waive and stretch provision without Deng ' s financial concessions.

The Los Angeles Lakers requested a career-ending injury application to have Luol Deng's remaining salary removed from the team's books, sources told The Athletic's Shams Charania.

Luol Deng wearing a blue shirt © Andrew D. Bernstein / National Basketball Association / Getty

Deng played 22 games with the Minnesota Timberwolves in 2018-19 after accepting a buyout agreement from the Lakers. He then signed a one-day contract with the Chicago Bulls last year to retire with his former team.

The longtime forward agreed to give back about $7.5 million in salary to the Lakers in 2018, helping the organization clear cap space. Deng remains on L.A.'s books for $10 million over the next two seasons.

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Luol Deng and the Los Angeles Lakers reached an agreement on a buyout, league sources told ESPN, and the veteran forward was waived Saturday. Furthermore, with the addition of LeBron James this offseason, Deng ' s days as a Laker were numbered.

When the Lakers signed Dwight Howard during the offseason, the collective chuckle going around the league, and certainly Twitter, was palpable. In other words, the Lakers have effectively been paying Howard day to day, with a Jan. 7 deadline to guarantee his full deal for the remainder of the season.

The Lakers have little room under the salary cap this offseason, with Anthony Davis expected to re-sign after opting out of his contract. Kentavious Caldwell-Pope and Avery Bradley also hold player options.

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This is interesting!