Luol Deng will reportedly part ways with the Lakers

On Saturday morning, The Athletic's Shams Charania reported that the Lakers and veteran forward Luol Deng are in the process of finalizing a buyout and that the team would use the waive-and-stretch provision.

Deng got paid nicely during the bonanza that was the summer of 2016, with a four-year $72 million deal from the Lakers. To make matters worse, the Lakers couldn't find a trade partner because no one wanted his contract.

Deng, born in what is now South Sudan, looks to continue his career for what would be a 15th National Basketball Association campaign after more than nine seasons in Chicago and stints in Cleveland, Miami as well as with the Lakers.

Once the buyout is complete, the Lakers will have $36-38 million in cap space for next season, up from $25 million.

It's great news for the Lakers, as next summer's free agent class is expected to be absolutely loaded.

"The stretch provision on the Luol Deng waiver projects to be right at $4.99M that will hit the Lakers cap from 2019-20 to 2021-22".

Deng, 33, played in 57 games for the Lakers over two seasons, averaging 7.5 points, 5.2 rebounds and 1.3 assists. "Los Angeles will have a cap hit of $14.3M this year and are still are over the cap".

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