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


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#21 Massacre

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Posted September 01, 2018 - 11:01 AM

Also keep in mind this opens up another roster spot.
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#22 Massacre

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Posted September 01, 2018 - 11:04 AM

Deng gave back $7.5 mil.

@wojespn
ESPN reporting with @ramonashelburne: In buyout with Lakers, Luol Deng walked away from $7.5M on the $36.8M left on his contract. With waive and stretch provision, Lakers have cleared $38M in salary cap space in 2019 free agency.
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#23 bigfetz

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Posted September 01, 2018 - 11:10 AM

Deng gave back $7.5 mil.

@wojespn
ESPN reporting with @ramonashelburne: In buyout with Lakers, Luol Deng walked away from $7.5M on the $36.8M left on his contract. With waive and stretch provision, Lakers have cleared $38M in salary cap space in 2019 free agency.

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 $3,770,000 $3,770,000   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 $67,928,836 $76,017,785    
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 $40,071,164 $37,382,215    
Tax Room: $17,258,444 $63,071,164 $61,532,215    

 

40 MILL IN CAP SPACE!!

#24 Clutch Factor

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Posted September 01, 2018 - 11:13 AM

Edit: Actually, it should provide relief going forward. Not sure the exact amount. 


Edited by Clutch Factor, September 01, 2018 - 11:18 AM.


#25 Massacre

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Posted September 01, 2018 - 11:19 AM

^

The upcoming season is already guaranteed, so you can’t apply any changes to it. The stretching begins next season, and since the Lakers goal is to gain flexibility for next summer, that makes sense. They don’t need the extra $7.5 mil this season.

So basically it’s going to be the full amount this year, and the $7.5 mil is applied evenly to the stretched 3 seasons.

That’s huge. And it didn’t cost a single pick or young player...Lakers essentially paying $3-4 mil to keep all first round picks and young players while still maintaining room for a 10-year max.

Edited by Massacre, September 01, 2018 - 11:21 AM.

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#26 BasketballIQ

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Posted September 01, 2018 - 11:25 AM

KD coming

#27 Clutch Factor

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Posted September 01, 2018 - 11:26 AM

^

The upcoming season is already guaranteed, so you can’t apply any changes to it. The stretching begins next season, and since the Lakers goal is to gain flexibility for next summer, that makes sense. They don’t need the extra $7.5 mil this season.

So basically it’s going to be the full amount this year, and the $7.5 mil is applied evenly to the stretched 3 seasons.

That’s huge. And it didn’t cost a single pick or young player...Lakers essentially paying $4-5 mil to keep all first round picks and young players while still maintaining room for a 10-year max.

 

Thanks for the explanation! Yes, that is huge. 1st round picks (+ young players, of course) are far more valuable than the now decreased amount of salary against the cap for the next three years. 

 

Magic and Rob have yet to make a move that I disagree with. This is awesome. Also, thanks to Deng.



#28 BasketballIQ

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Posted September 01, 2018 - 11:28 AM

Wished we retained Randle now
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#29 bigfetz

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Posted September 01, 2018 - 11:33 AM

Yeah, revision to what I was saying before, and thanks for the catch. Per Article VII, Section 7(d)(5), the discount is applied to the entire contract from this point forward, notwithstanding the stretch, in proportion to the salaries in each season.

 

2/ ...So 48.9% of the give-back would go against his 2018-19 salary (which is not stretched) and 51.1% against his 2019-20 salary (which IS stretched). I'm revising my estimate of cap room to $35.9M next summer (big error bars there, because we're going off the league's...

 

3/ ...previous estimate of $108M for the cap.

 

Player 2018-19 2019-20 2020-21    
LeBron James $35,654,150 $37,436,858 $39,219,566   Non-Guaranteed
Luol Deng $14,332,500 $4,992,500 $4,992,500   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: $102,807,056 $69,151,336 $77,240,285    
Cap: $101,869,000 $108,000,000 $113,400,000    
Tax: $123,733,000 $131,000,000 $137,550,000    
Cap Room: -$938,056 $38,848,664 $36,159,715    
Tax Room: $20,925,944 $61,848,664 $60,309,715    

 


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#30 Clutch Factor

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Posted September 01, 2018 - 11:34 AM

So it's actually $14.3M of cap space hit this year and $5M for the next three years according to Tania. 

 

Still better than the $6.27M+. I believe the FO also has immense trust in the 1st round picks outproducing their contracts or what a vet taking a $5M contract would produce. 


Edited by Clutch Factor, September 01, 2018 - 11:36 AM.

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#31 bigfetz

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Posted September 01, 2018 - 11:34 AM

I believe he is accounting for min contracts and a 1st round pick so thats why the totals differ. 



#32 DaSmoothOperator

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Posted September 01, 2018 - 11:45 AM

He still wants to
Play and some team has shown him interest great for us!! Who hooo ! Sorry Mitch/Jombo Bad moves both Moz and Deng!! Finally over! Now let’s get training camp going and see the chemistry development

Edited by DaSmoothOperator, September 01, 2018 - 11:46 AM.


#33 bigfetz

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Posted September 01, 2018 - 11:50 AM

So what are the chances a team actually picks him up? Thibs has got to be the only guy who would want him. 



#34 Massacre

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Posted September 01, 2018 - 11:51 AM

So as others clarified, it looks like the discount is applied to this year as well, but a $4.9M hit for 3 years still isn’t too bad.

The end game is to keep all the assets and have room for a max slot, so it’s still a good move. Rob is definitely my executive of the year. Yeah, LeBron probably wanted to come here but that’s not possible without moving Mozgov and Clarkson. To win both of those trades (as of now) is also huge...and to get out of this Deng deal as well as they did puts them right back in position to add a max guy. Him and Magic have put this team on the cusp of contending for 5+ years if they’re able to complete this plan next summer.

#35 Massacre

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Posted September 01, 2018 - 11:52 AM

So what are the chances a team actually picks him up? Thibs has got to be the only guy who would want him.


I don’t think he’d give back that much unless his agent knew there would be interest from other teams. Thibs coming to finish the job.

#36 bigfetz

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Posted September 01, 2018 - 12:04 PM

I'm guessing Caruso takes the last spot. 



#37 Busty Bluth

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Posted September 01, 2018 - 12:53 PM

So what are the chances a team actually picks him up? Thibs has got to be the only guy who would want him. 



A team or an NBA team?


Bye for now

#38 fido

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Posted September 01, 2018 - 12:55 PM

And years ago I got murdered for suggesting firing Mitch and bringing in a new GM and Magic on board. Makes me laugh.

Anyway, I was thinking more along the lines of another roster spot as you mentioned Massacre. I would suspect Svi may have a fighting chance to make the opening night roster no due to the shooting concerns. Not sure Caruso can supplant Svi, Rondo and /or Ball.

Rob gets my vote as exec of the year as well. The trash he jettisoned, the small deals pulled off, the talent and one year deals he brought in along with LeBron as well should leave no questions.

#39 GCMD

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Posted September 01, 2018 - 01:29 PM

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. 

 

Once I figure out what's going on, I'll respond.

 

But why is my name always in your mouth?  Am I in your head that much?  That's creepy.


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Impeachment: Imminent


#40 manaro90

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Posted September 01, 2018 - 02:02 PM

The last major Mitch-stake gone, thank you!

PREACH!!!!!!!!!!!!!!


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