2:04pm: The Lakers have officially waived Brewer, the team announced in a press release. He’ll clear waivers on Friday. For now, the Thunder seem to be the frontrunners to sign him, though several teams are in the mix, according to various reports.
9:58am: The Lakers and Brewer have reached an agreement on a buyout, reports Shams Charania of Yahoo Sports (Twitter link).
8:44am: The Lakers and veteran swingman Corey Brewer are engaged in “advanced negotiations” on a buyout agreement, reports Marc Stein of The New York Times (Twitter link). Assuming the two sides finalize a deal and Brewer is waived today or tomorrow, he’ll retain his playoff eligibility for a new team.
Brewer, who was traded from Houston to Los Angeles in last year’s Lou Williams trade, finished the 2016/17 season with the Lakers and has spent the entire 2017/18 campaign to date with the club.
The former seventh overall pick, who will turn 32 next Monday, has played a very limited role for the Lakers, averaging a career-low 12.9 MPG in 54 contests. His numbers in several other categories, including PPG (3.7), RPG (1.7), and 3PT% (.186) are also career worsts.
While Brewer hasn’t played particularly well this season, he has a reputation as a solid defender. If he and the Lakers make a buyout official, he could draw interest from playoff-bound teams seeking one more perimeter player. However, his limited offensive ability – including an inconsistent three-point shot – will reduce his appeal.
Brewer is in the final year of his contract, with a cap hit of $7,579,366. Assuming he agrees to give some money back to the Lakers as part of his release, the team will be able to slightly reduce that cap charge. L.A. won’t be on the hook for any salary for Brewer beyond the 2017/18 season.