Lakers waive Luol Deng midway through $72 million deal

The Los Angeles Lakers waived forward Luol Deng on Saturday, just over two years after signing him to a four-year, $72 million free-agent contract.
The Lakers didn’t disclose the details of a probable buyout with Deng, but they announced the move on the first day in which the final season of Deng’s mammoth deal could be stretched over a three-season span of the Lakers’ cap limit.
“We made this move to further our future salary cap and roster flexibility as we continue to build this Lakers team according to our current overall vision,” Lakers general manager Rob Pelinka said in a statement.
Source: Sports