The Lakers reportedly have reached an agreement to buy out the final two seasons of Luol Deng’s contract, according to ESPN.
Although the 33-year-old veteran forward appeared in only one game last season, this news has big implications for the Lakers. According to ESPN, it gives the team enough salary cap room ($38 million) to pursue a max-contract free agent next offseason.
ESPN reported that Deng walked away from $7.5 million of the $36.8 million remaining on his contract.
Deng had signed a four-year, $72 million contract before the 2016-17 season, but had fallen out of favor as the team embraced its youth movement. After playing the opener last season, Deng sat the rest of the year.
A two-time All-Star, the 6-9 Deng has averaged 15 points and 6.1 rebounds per game in his career, and will draw some attention in free agency.