SEPTEMBER 6: Wood is officially a Laker, the team announced (Twitter link via Jovan Buha of The Athletic).
The Lakers’ interest in Wood was reported weeks ago and now the two parties have finally come to an agreement. Wood and the Mavericks failed to reach an extension agreement last season and Wood wound up on the open market. However, he didn’t get the type of offers normally conveyed to players who averaged 16.6 points and 7.3 rebounds during their walk year.
He had to settle for the veteran’s minimum, which is all the Lakers could offer. As ESPN’s Bobby Marks notes (Twitter link), Wood will make $2,709,849 this upcoming season and $3,036,040 in 2024/25, if he doesn’t opt out.
Wood gives the Lakers 14 players with guaranteed contracts and there’s a good chance they’ll leave the other roster spot open to maintain roster and financial flexibility.
Los Angeles already looked solid in the frontcourt and the addition of Wood gives the Lakers plenty of quality depth. He joins Anthony Davis, Jarred Vanderbilt, Jaxson Hayes and Rui Hachimura at the power forward and center spots. LeBron James and Taurean Prince could also see minutes at the ‘4’ position.
Wood appeared in 67 games, including 17 starts, in his lone season with the Mavericks. He was acquired in an offseason deal from Houston.
Wood put up big numbers during his two seasons with the Rockets, including a career-high 21.o points per game during the 202o/21 season. He signed a three-year, $41MM contact with Houston in 2020 after a breakout season with Detroit.
The Lakers will be the eighth NBA franchise on Wood’s resume.