Although he is taking up $14,148,596 of cap space this year, Odom is being paid approximately $11 million in the last year of a six-year contract that he originally signed in 2003, with the Miami Heat, after the Clippers allowed him to leave as a free agent.
Odom had a trade kicker built into his deal that he has received payment on but for accounting purposes, was spread out over the length of his contract.
The Lakers and 21-year old center Andrew Bynum smartly reached agreement early this season on a four-year, $57 million extension. That contract is long enough to give time for Bynum to reach his potential and short enough for it to expire if he doesn’t. Because it was not a max deal, it’s a bargain if Bynum’s play does reach All-Star status.