Press Enterprise: For all intents and purposes, Derek Fisher will re-join the Lakers.
Fisher and the Lakers have agreed to a three-year contract worth about $13,959,000, league sources said.
However, there will be a holding period before he can sign the contract. Fisher, who was released by the Utah Jazz last week, has to clear waivers first.
It’ll take seven days before Fisher can clear waivers, and that won’t start until his previous contract of $20,592,600 that he walked away from is amended to zero dollars.
As of Wednesday night, the Jazz had not filed the paperwork with the NBA about Fisher’s release. The seven-day countdown to Fisher’s being free and able to sign with the Lakers won’t start until Utah does.
Another team could pick up Fisher before he clears waivers. But if it does, that team will be on the hook for all of Fisher’s $20,592,600 salary.
Fisher’s contract with the Lakers will start at $4.3 million, which is less than the mid-level exception for next season at $5.3 million.