Just as we figured, the LeBron James decision has started a flurry of moves around the league as teams now move on to their own plans. That includes the Lakers who have helped facilitate the Rockets’ pursuit of Chris Bosh by taking Jeremy Lin off their hands. From ESPN:
The Houston Rockets have traded guard Jeremy Lin and a future first-round pick to the Los Angeles Lakers, a league source told ESPN’s Jeff Goodman.
The Lakers were amenable to this deal, according to sources, because Lin is only under contract for one more season, thus preserving their cap space next summer. They also covet draft picks, after trading away their first-round picks in 2015 and 2017 to Phoenix and Orlando as part of the Steve Nash and Dwight Howard trades, respectively.
If the Lakers are going to miss out on the big name free agents this summer — and with each passing minute that seems increasingly likely — they needed to move on to their Plan B and start to fill out their roster. Acquiring Lin helps in that.
Lin is the exact type of asset the Lakers have said to be pursuing this summer. He’s a good player (we will get into this later with a full analysis) and he is only signed for one more season. This allows the Lakers to preserve their cap space and financial flexibility for next summer when they can again pursue the top free agents on the market.
The sweetner here, however, is the 1st round pick the Lakers will also receive. While the Rockets are likely to be one of the top 5-10 teams next season and deliver a pick in the mid-20′s next June, that pick is much better than the one the Lakers would be slated to have should they finish outside the top 5 selections — which would be no pick at all. Now the Lakers will be armed with a pick that can be used in another trade or used to select another young player who can potentially be part of the team.
Viewing the deal through this dual prism, I am quite happy with what the Lakers have accomplished. When the Lakers talk about “financial flexibility”, this is one of the ways in which they use the term. Having money under the cap isn’t just about signing FA’s, it is about leveraging that space to absorb players and getting additional assets for their trouble. The fact that Lin can actually play, fills a position of need, and has other marketing qualities that will help the Lakers is icing on the cake.
It is about time the Lakers got creative and started to use all the assets at their disposal to improve the team in the short and the long term. Drafting Julius Randle was step one in this process. It remains to be seen what becomes of Lin as a player next year or what the pick they will receive from the Rockets produces, but the hope is that they too become pieces that improve the short and long term trajectory of the team.