While I am firm believer the Lakers cannot be fixed in a single off-season, they are in position to make some important signings in free agency starting late Tuesday night when the 2015-16 NBA season officially opens for business. Should Jordan Hill’s option not be picked up (which it, reportedly, will not be), the Lakers look to have roughly $24 million in cap space. This is a healthy amount of money which can be divided in any number of ways to upgrade a roster that, while on the ascension, could sorely use more talent.
The purpose of this post, though, isn’t to look at who the Lakers should chase, but rather what approach they might take in spending their cap space. Before we get into those paths, however, a few points worth mentioning:
- The $24 million mentioned above is only an estimate, due to a few reasons:
- Jordan Hill’s $9 million option must be decided on before Tuesday.
- The Lakers have several players on non-guaranteed contracts for next year — Jordan Clarkson, Tarik Black, Robert Sacre, and Jabari Brown.
- The Lakers two 1st round picks carry cap holds tied to their guaranteed contracts as first rounders
- Players of different years of service have different “max” salary amounts. Players who have 0-6 years of service have a maximum salary of 25% of the salary cap. Players who have 7-9 years of service have a maximum of 30% of the salary cap. Players with 10+ years of service have a maximum salary of 35% of the salary cap. Of course, there are ways around these numbers, but for the purpose of the Lakers’ free agency pursuits, these are the percentages that matter.
- There are unrestricted and restricted free agents. The former are free to sign with whoever they want. The latter are still tied to their current team via an ability to match any offer made to the restricted player. The team who has the right to match has three days to make their decision. During this waiting period, the cap space offered to the restricted free agent by the team making the offer is tied up in the offer and not available for an offer to any other free agent.
- The longest deal the Lakers can offer a free agent from another team is 4 years.
- Because the Lakers will once again fall under the cap, they will not have the “mid level” or “bi-annual” exceptions available to them. Instead, they will only have the “room” exception — roughly a $3 million salary slot to chase a mid-level type of player.
With all that information out of the way, below are the three general approaches the Lakers can take in free agency. For the purposes of this post we are going off the $24 million cap space estimate. Let’s start the slideshow. (Just kidding.)