In order to get off the Los Angeles Lakers roster and, hopefully, back onto the basketball court, Luol Deng gave up nearly $7.5 million when he agreed with the Los Angeles Lakers stretching his contract on the buyout.
Deng has two years and $36.8 million remaining on his contract. "With waive and stretch provision, Lakers have cleared $38M in salary cap space in 2019 free agency".
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Deng's departure and contract stretch should sharply increase the Lakers' available cap room by roughly $12 million for next summer, when they hope to add a second superstar on a maximum contract to join LeBron James.
Deng signed a four-year, $72 million free agent deal with the Lakers in 2016. He requested a buyout or a trade, but the Lakers found no takers and didn't want to absorb the salary-cap constraints of waiving him last season. Lakers coach Luke Walton's system didn't fit Deng's playing style, one that flourished under more structured game plans. But for now, it's just good that Deng will get the chance to play basketball again, as he's so obviously been bummed out by the past year or so in Los Angeles.
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The two-time All-Star has averaged 15 points and 6.1 rebounds over his 14-year career.
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