AUGUST 4: The Lakers have officially released McKinnie, the team confirmed today in a press release.
McKinnie still had two more years left on his minimum-salary contract with the Lakers, but his salaries for the next two seasons were fully non-guaranteed. As such, the team won’t be on the hook for any dead money as a result of releasing McKinnie, who will get a chance to seek out a new opportunity.
McKinnie, who will turn 29 next month, averaged 3.1 PPG and 1.4 RPG on .516/.410/.556 shooting in 39 games (6.6 MPG) for the Lakers in 2020/21.
Although McKinnie had been on a minimum contract, his $1.91MM salary for 2021/22 would’ve been higher than the cap hit for a newly-signed one-year, minimum-salary contract. So the Lakers will likely replace McKinnie on the roster with a free agent and save a bit of money in the process. That’s not insignificant, since the club projects to be well over the tax line this season.