NBA Rumors: Lakers Used Stretch Provision On Quinn Cook

As a minor money-saving maneuver, the Los Angeles Lakers waived Quinn Cook just before NBA free agency began over the weekend.

To start, the decision saved the Lakers $2 million, as Cook’s contract only had a $1 million guarantee. The $2 million may not seem like a huge difference, but it may matter when it comes to the hard salary cap.

After the Lakers signed Wesley Matthews using their bi-annual exception, and Montrezl Harrell joining on the full midlevel exception, they sit well over the salary cap. Using bird rights, they managed to re-sign Kentavious Caldwell-Pope but are dangerously close to the $139 million hard cap set by the league.

To save every last possible dollar against this hard cap, the Lakers reportedly used the waive and stretch provision on Cook’s $1 million guaranteed money, according to Keith Smith of RealGM:

While saving a grand total of $666,666.67 for this upcoming season doesn’t sound like anything in NBA money, it will likely be what prevents the Lakers from reaching the hard cap. With 12 rostered players — and the eventual Anthony Davis max contract — L.A. has been limited to doling out the minimum for contracts.

Vice president of basketball operations Rob Pelinka and the Lakers clearly had a plan heading into this offseason, and that involved using every last dollar they possibly could. The result is a team that’s younger and more talented than the one that just won an NBA championship.

Marc Gasol could serve as a potential Dwight Howard replacement

Due to a miscommunication, Dwight Howard is no longer a member of the Lakers, signing a one-year, minimum contract with the Philadelphia 76ers. L.A. signed Harrell, who is one of the league’s most offensively gifted big men, but does not replace what Howard brought.

Because of this, the Lakers looked to Marc Gasol, who signed for the minimum over two years. Gasol is not only be a familiar face in L.A. due to his brother Pau’s time with the Lakers, but he can fill the gap left by Howard departing in free agency and the trade of JaVale McGee.

Have you subscribed to our YouTube channel? It’s the best way to watch player interviews, exclusive coverage from events, participate in live shows, and more!

You May Also Like

NBA Trade Rumors: Lakers Using Paul George, Kyrie Irving Trades As Basis To Build Offer For Kawhi Leonard

For all the anticipation of the Los Angeles Lakers making a splash in free agency, they’ve also been a mainstay in…

17 Players On Los Angeles Lakers Roster For NBA Restart

The Los Angeles Lakers roster for the NBA restart at Walt Disney World in Orlando, Florida, was officially announced…

Lakers Rumors: Tres Tinkle Signed Exhibit 10 Contract

The start of training camp is just around the corner and the Los Angeles Lakers didn’t have much time to rest and…

Vanessa Bryant Working With Nike To Make Kobe Shoes More Available To Lakers Fans

Purchasing a limited-release Nike Kobe Bryant signature shoe has long been a challenging process. It’s also one…