L.A.'s Boozer bid $3.25M

Discussion in 'Los Angeles Lakers' started by truebluefan, Jul 18, 2014.

  1. truebluefan

    truebluefan Administrator Staff Member Administrator

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    The Los Angeles Lakers have acquired Carlos Boozer on amnesty waivers, calling him "an established veteran and a proven All-Star who will be a welcome addition to our team."

    Nine teams with cap space were able to make a blind bid to pick up the remaining portion of Boozer's $16.8 million deal with the Chicago Bulls. The Lakers won with a bid of $3.25 million, sources told ESPN.com's Marc Stein.

    "We're very pleased to have won the bidding process and to have gained his rights, and look forward to his contributions next season," Lakers general manager Mitch Kupchak said in a news release.

    The Bulls must pay Boozer the remaining $13.6 million that he is owed in 2014-15 on the final year of his current contract. Releasing Boozer via the amnesty clause removes that $13.6 million from Chicago's books for salary-cap and luxury-tax purposes, but the Bulls still must pay him the money he's owed.

    Read more http://espn.go.com/los-angeles/nba/story/_/id/11229606/carlos-boozer-join-los-angeles-lakers
     

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