Wolves Sign Luol Deng To 1 Year $2.4 Million

[key2win]

Lakers waive Luol Deng after buyout agreement

Luol Deng and the Los Angeles Lakers reached an agreement on a buyout, league sources told ESPN, and the veteran forward was waived Saturday.

Deng agreed to a significant give-back of $7.5 million in his contract buyout with the Los Angeles Lakers, clearing $38 million in salary cap space for 2019 free agency.

Deng, 33, had two years remaining on a four-year, $72 million pact he signed in the summer of 2016.

The 14-year veteran is a two-time All-Star and has career averages of 15.0 points and 6.1 rebounds per game. He played in only one game for the Lakers in 2017-18, appearing in the opener before being benched the rest of the season.

[key2win]

Luol Deng signs one-year deal with Timberwolves

After meeting with Minnesota Timberwolves president of basketball operations and coach Tom Thibodeau on Monday, free-agent forward Luol Deng signed a one-year deal with the franchise.

Thibodeau has made no promises to Deng on playing time and role but has offered the chance to earn minutes on a roster that includes three of Deng's ex-Chicago Bulls teammates -- Jimmy Butler, Derrick Rose and Taj Gibson.

Deng agreed to a $7.5 million contract buyout with the Los Angeles Lakers in order to find a chance to play meaningful minutes elsewhere.

Deng's buyout left him with $29 million for the two years left on his contract, for which the Lakers used the waive and stretch provision to soften the short-term salary-cap hit.

Deng signed a four-year, $72 million free-agent deal with the Lakers in 2016. The Lakers benched Deng, 33, for all but one game of the past season.