4:37pm: Meeks' agent David Bauman tells Dave McMenamin of ESPNLosAngeles.com that his client could earn up to $2MM in the second year of his deal, via incentives. In order for that to be possible under cap rules, I believe there'd have to be incentives in year one that Meeks would have to achieve first.
MONDAY, 3:31pm: The Lakers have officially announced the signing of Meeks, tweets Mike Trudell of Lakers.com.
FRIDAY, 3:24pm: The Lakers and Jodie Meeks have agreed to terms on a two-year deal worth about $3MM, tweets Mike Bresnahan of the Los Angeles Times. The second year of the contract is a team option, according to Bresnahan.
Meeks was reportedly uninterested in signing for the veteran's minimum, while the Lakers were reluctant to use their full $3.09MM mid-level exception, so it seems the two sides reached a compromise. Meeks' deal will pay him more than the minimum, but only a portion of Los Angeles' mid-level.
The acquisition of Meeks is far from the Lakers' biggest move of the day, but it's a solid signing that helps solidify an ever-improving bench and provides some wing depth behind Kobe Bryant. When I examined some of the Lakers' free agent options last week, I suggested Meeks could be the best fit for the team, given his skill-set and likely price tag. The 24-year-old is a career 37.1% three-point shooter in three seasons with the Bucks and Sixers.
According to Alex Kennedy of HoopsWorld, Meeks received larger offers from the Bucks and Wizards, but wanted to compete for a title with the Lakers (Twitter link).