Lakers waive Deng, save money for 2019 National Basketball Association free agency

Lakers waive Deng, save money for 2019 National Basketball Association free agency

After only appearing in 57 games over the last two seasons, Luol Deng was bought out via the stretch provision by the Los Angeles Lakers.

What did the Lakers do here?

The move came on the first day the Lakers could use a waive-and-stretch rule to spread the final year of his salary cap cost over three seasons. The duo handed a pair of generous free-agent deals in 2016 to Deng and center Timofey Mozgov, who got a four-year, $64 million contract.

More news: Nick Saban lashes out at ESPN reporter for QB question

With the buyout certain happening, Deng will be able to sign with a contending team this season as the veteran forward seeks a long-coveted championship ring. To that end, Chris Haynes of ESPN reported several contenders are expected to have interest.

"We made this move to further our future salary cap and roster flexibility as we continue to build this Lakers team according to our current overall vision", Lakers general manager Rob Pelinka said. The buyout of Deng puts them in the $36-$38 million range which is enough money for a second max-contract player. The parties are finalizing a buyout that would allow Deng to enter free agency. "Los Angeles will have a cap hit of $14.3M this year and are still are over the cap".

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