The Los Angeles Lakers will consider buying out the contract of Nick Young if they don’t find a trade suitor for the swingman before the start of training camp, according to a source.
Mike Breshnan of L.A. Times recently reported that Young will be most like traded or waived before the training camp. Young has two years and $11 million left on his contract with a player option in the second year. That means he could come off the books at the start of the 2017-18 season.
Mike Medina, another Lakers beat writer, also reported that Lakers will look to buy out Young’s contract and cited that his strained relationship with D’Angelo Russell won’t be the primary reason.
Medina says if the Lakers aren't able to trade Nick Young, they're just going to buy him out. Relationship w/D'Angelo doesn't matter to LAL.
— Grant Goldberg (@GrantGoldberg) July 3, 2016
Nick Young to be paid in installments?
If Lakers do buy out Young, it would mean they would pay Young’s remaining $11 million over a period of four years. The stretch provision allows the remaining cap of Young’s deal “over twice the number of remaining years, plus one.”
“By my rough envelope math, that would leave the Lakers with $2.2 million in dead money on their cap for the next five years, which isn’t a large issue with the cap projected to rise above $100 million next season,” explains Silver Screen & Roll.
Earlier this year, Bresnahan reported that Lakers struggled to find a trade suitor for Young. “The Lakers tried to trade Young, 30, each of the last two seasons as his production dropped. There were no takers. They will likely try to find a home for him again this off-season, which won’t be easy with a player who didn’t even get off the bench in eight games last month,” he revealed.
Nick Young averaged a career-low 7.3 points last season from just 19.1 minutes, his lowest playing time aggregate since his rookie season in Washington. Young also shot a career low 33 per cent from the field and 32 per cent from deep. Lakers coach Byron Scott often benched Young and played rookie Anthony Brown over the streaky shooter.