Now, that’s a damn good deal.
The Los Angeles Lakers, one of nine NBA teams with cap space, were able to make a blind winning bid of $3.25 million to acquire Carlos Boozer off amnesty waivers last night. The best part of the deal for the Lakers? They got Boozer for cheap, as most of the deal is on the Chicago Bulls’ tab.
In placing the power forward on amnesty waivers earlier this week, the Bulls essentially agreed to pay the veteran power forward a portion of the $16.8 million remaining on the final year of his contract. When the Lakers struck the winning bid of $3.25 million last night it meant the Bulls will have to pay Boozer the remaining $13.6 million owed to him for the 2014-15 season.
The only advantage for Chicago is that by releasing Boozer on the league’s amnesty clause, the $13.6 million they must pay him will not be counted against the franchise’s salary-cap and luxury-tax purposes. The Bulls released Boozer to make room to sign Pau Gasol and Nikola Mirotic.
Meanwhile, with the bargain buy of Boozer, the Lakers can now place the vet alongside rookie power forward Julius Randle, and recently-signed Jordan Hill to make a formidable frontcourt, and they still have a serviceable center in Robert Sacre to use as well.