The Lakers are not done making moves, apparently. In an effort to open up a sliver of cap space (more on this in a minute), the team has moved on from the Kendall Marshall era (at least in the short term):
Marshall’s salary for this upcoming season — $915,243 — was not guaranteed, so the Lakers take no hit for waiving Marshall and open up that amount of cap space. This may not seem important, but, in reality, it was a needed move if the team wants to keep Ryan Kelly while also signing Nick Young to his reported deal.
As we have discussed, the Lakers, due to various cap holds and the fact that Jordan Hill had some cap space to spend. Most of that space was earmarked for Young who agreed to a 4 year, $21.3 million deal. However the Lakers’ winning bid on that guy used up $3.25 million in cap space and now they must still sign Young. Thus, Marshall and his non-guaranteed deal are waived.
As Wojnarowski pointed out above, the Lakers would likely explore bringing Marshall back should he clear waivers. I can’t put odds on whether he will actually avoid being claimed (he did have a solid year and proved a capable floor general offensively), but if he does the Lakers can bring him back on a veteran’s minimum contract that would pretty much mirror what he was slated to make this season before being let go.
More on this as it develops, but even with today’s move there’s a chance Marshall hasn’t played his last game for the Lakers.