JULY 21ST: Young and the Lakers have made the deal official, the team announced via Twitter.
JULY 11TH, 4:40pm: Free agent Nick Young has agreed to re-sign with the Lakers, reports Jeff Goodman of ESPN.com (Twitter link). It’ll be a four-year, $21.5MM deal with a player option in the fourth season, according to Shams Charania of RealGM (Twitter links).
The deal seems like a strong indication that the Lakers have abandoned hope of signing Carmelo Anthony, since they’ll have to use cap space on Young. They had Young’s Non-Bird rights, which only provided for a 20% raise on last year’s salary of slightly more than $1.1MM.
In spite of the hefty raise, agent Mark Bartelstein says Young passed on more lucrative offers to re-sign, as he tells Mike Bresnahan of the Los Angeles Times (Twitter link).
Photo courtesy of USA Today Sports Images.