Cook received a $1MM partial guarantee on his original $3MM contract before he was waived, a move which created more cap room for the Lakers to sign free agents. He didn’t get claimed and ultimately decided to return to the defending champions.
Cook will receive the veteran’s minimum with an additional cap hit of $1.6MM, Eric Pincus of Bleacher Report tweets. He’ll get a salary of $1,737,145, which added to the previous guarantee is nearly as much as he would have received without going on waivers.
Cook, who signed with Los Angeles as a free agent during the 2019 offseason after two years in Golden State, didn’t have a major role for the Lakers last season. He averaged 5.1 PPG, 1.2 RPG, and 1.1 APG in 44 regular season games (11.5 MPG) and then logged only 24 total minutes during the team’s postseason run.