79 replies to this topic

[bigfetz]

Shams Charania‏Verified account @ShamsCharania 18m18 minutes ago

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Sources: The Los Angeles Lakers and forward Luol Deng are finalizing a contract buyout as part of waive-and-stretch provision.

 

Chris Haynes‏Verified account @ChrisBHaynes 18m18 minutes ago

Me

Veteran forward Luol Dèng and the Los Angeles Lakers have reached an agreement on a buyout, league sources tell ESPN.

 

Shams Charania‏Verified account @ShamsCharania 18m18 minutes ago

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Shams Charania Retweeted Shams Charania

Sides have been working on parting ways on remaining two years and $36.8M on Deng’s contract and reached agreement, allowing him to enter free agency.

 

 

[BasketballIQ]

Hmmmm...

[Clutch Factor]

So this means:

 

• Stretch provision will start in the 2019-2020 season with an additional 2 seasons of cap hit
• Lakers will have $36-38M in cap space next year (guaranteed max) as opposed to the initial $25M
• Lakers will have $6.27M on the salary cap from 2019-2020 through 2021-2022 season 
• The amount could decrease depending on if Deng gives any money back to LA 

Edited by Clutch Factor, September 01, 2018 - 07:55 AM.

[fido]

The last major Mitch-stake gone, thank you!

[Clutch Factor]

I'm not too sure of the positives of this instead of waiting another year for a potential trade or to just stretch him next year. 

 

However, we do get to keep any picks/assets we would have used in a Deng trade. Plus, this makes the Lakers look like a model franchise as Deng openly complained about not getting playing time. Forcing him to stay and not play him even a second wouldn't be the best look.

 

It's also possible the Lakers have an unwritten guarantee for our next max free agent. Or they're highly confident.  

[bigfetz]

Player	2018-19	2019-20	2020-21
LeBron James	$35,654,150	$37,436,858	$39,219,566		Non-Guaranteed
Luol Deng	$7,362,000	$7,362,000	$7,362,000		Team Option
Kentavious Caldwell-Pope	$12,000,000				Qualifying Offer
Rajon Rondo	$9,000,000
Lonzo Ball	$7,461,960	$8,719,320	$11,003,782
Brandon Ingram	$5,757,120	$7,265,485	$9,481,458
Lance Stephenson	$4,449,000
Michael Beasley	$3,500,000
Moritz Wagner	$1,762,080	$2,063,520	$2,161,920
Kyle Kuzma	$1,689,840	$1,974,600	$3,562,178
Josh Hart	$1,655,160	$1,934,160	$3,491,159
Ivica Zubac	$1,544,951	$1,931,189
JaVale McGee	$1,512,601
Sviatoslav Mykhailiuk	$1,487,694	$1,416,852	$1,663,861
Isaac Bonga	$1,000,000	$1,416,852	$1,663,861
Total:	$95,836,556	$71,520,836	$79,609,785
Cap:	$101,869,000	$108,000,000	$113,400,000
Tax:	$123,733,000	$131,000,000	$137,550,000
Cap Room:	$6,032,444	$36,479,164	$33,790,215
Tax Room:	$27,896,444	$59,479,164	$57,940,215

 

This is pre buyout figure so expect the cap room to increase.

[bigfetz]

The timing of this really makes no sense unless there was a 2nd move that will happen. Figured they would at least try to trade him at the deadline. 

[bigfetz]

Ok now reading they might be just stretching his last year. Updated figures if true

 

Player	2018-19	2019-20	2020-21
LeBron James	$35,654,150	$37,436,858	$39,219,566		Non-Guaranteed
Luol Deng	$18,000,000	$6,270,000	$6,270,000		Team Option
Kentavious Caldwell-Pope	$12,000,000				Qualifying Offer
Rajon Rondo	$9,000,000
Lonzo Ball	$7,461,960	$8,719,320	$11,003,782
Brandon Ingram	$5,757,120	$7,265,485	$9,481,458
Lance Stephenson	$4,449,000
Michael Beasley	$3,500,000
Moritz Wagner	$1,762,080	$2,063,520	$2,161,920
Kyle Kuzma	$1,689,840	$1,974,600	$3,562,178
Josh Hart	$1,655,160	$1,934,160	$3,491,159
Ivica Zubac	$1,544,951	$1,931,189
JaVale McGee	$1,512,601
Sviatoslav Mykhailiuk	$1,487,694	$1,416,852	$1,663,861
Isaac Bonga	$1,000,000	$1,416,852	$1,663,861
Total:	$106,474,556	$70,428,836	$78,517,785
Cap:	$101,869,000	$108,000,000	$113,400,000
Tax:	$123,733,000	$131,000,000	$137,550,000
Cap Room:	-$4,605,556	$37,571,164	$34,882,215
Tax Room:	$17,258,444	$60,571,164	$59,032,215

 

[Artest37]

The timing of this really makes no sense unless there was a 2nd move that will happen. Figured they would at least try to trade him at the deadline. 

I read something about if they did it yesterday, stretch would be $36 over 5 years versus doing it today with buy out of 1 year it becomes just a stretch of $18 over 3?(basically cap less of a cap hit going forward, but I’m no capologist)


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[bigfetz]

I read something about if they did it yesterday, stretch would be $36 over 5 years versus doing it today with buy out of 1 year it becomes just a stretch of $18 over 3?(basically cap less of a cap hit going forward, but I’m no capologist)


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Yea thats what its looking like. It appears they just were going to hold until today then waive. Hopefully is a decent buy out.

[Jody Smokes]

So unlike what GCMD suggested the Lakers will have a max slot (Kawhi) and will keep all their assets going forward.  This is chess not checkers. 

[Toe Sucker]

[Busty Bluth]

I was so happy to see this on ESPN at the gym. Good riddance you [expletive]ing thief. Should’ve happened last summer.


Bye for now

[Clutch Factor]

I was so happy to see this on ESPN at the gym. Good riddance you [expletive]ing thief. Should’ve happened last summer.


Bye for now

 

In fairness, it was Mitch and Jim's fault for offering him that absurd contract. Any one of us would have accepted the money. 

[Busty Bluth]

What a great day to be a laker fan🎉🎉 one question if they do the impossible and win a championship does Deng still get a ring?


Bye for now

[Toe Sucker]

Luke Walton is the last remaining Mitch/Jim debacle.

[Busty Bluth]

I was so happy to see this on ESPN at the gym. Good riddance you [expletive]ing thief. Should’ve happened last summer.



Bye for now


 
In fairness, it was Mitch and Jim's fault for offering him that absurd contract. Any one of us would have accepted the money. 

That is true. But it didn’t stop him from talking about playing time, he is clearly finished and worth nowhere near that money.


Bye for now

[Busty Bluth]

Luke Walton is the last remaining Mitch/Jim debacle.

I was thinking that. Don’t forget Ingram😉


Bye for now

[Toe Sucker]

I was thinking that. Don’t forget Ingram😉


Bye for now

And Zubac :/

[Massacre]

@KeithSmithNBA
Per league sources, Luol Deng did give money back in his buyout. Word is somewhere between $5 and $10 million total. Will make a large difference for the dead money on the LA books this year and going forward.

Good news, will decrease the cap hit from $6.72 mil. Surprised Deng gave back that much, but he always handled this situation well. Nobody in his position would turn down $72 mil.