Lakers' Cap Space & 2024 Free Agency Targets After Nuggets Ouster
As the Los Angeles Lakers dust themselves off from an early playoff exit at the hands of the Denver Nuggets, the focus shifts to an offseason filled with pivotal decisions that could shape the franchise’s future. With LeBron James’ potential departure looming large and several contract options on the table, the Lakers’ front office faces a delicate balancing act in navigating the salary cap landscape.
The Cap Conundrum
The Lakers’ salary cap situation for the 2024-25 season presents a mixed bag of opportunities and challenges. Currently, the team has $178.8 million committed to 12 players, which would place them over the projected $172 million luxury tax threshold. However, this figure hinges on the decisions of LeBron James and D’Angelo Russell, both of whom hold player options for the upcoming season.
If James declines his $51.4 million option, potentially eyeing a move to play alongside his son Bronny, the Lakers’ cap situation would undergo a seismic shift. Similarly, Russell’s $18.7 million option could be declined, as the talented guard is likely to command a substantial raise on the open market after averaging 18.0 points and 6.3 assists this past season.
Adding to the complexity are the player options held by Christian Wood ($3 million), Jaxson Hayes ($2.5 million), and Cam Reddish ($2.5 million). The Lakers’ cap flexibility could range from being under the projected $141 million cap to remaining deep into luxury tax territory, depending on the decisions made by these players.
Potential Trade Winds
While the Lakers could opt to retool their roster around Anthony Davis and the remaining core, the allure of acquiring another star via trade cannot be understated. In such a scenario, the team may be forced to part ways with some combination of Rui Hachimura, Austin Reaves, Gabe Vincent, Jarred Vanderbilt, and Jalen Hood-Schifino – valuable assets that could sweeten any potential deal.
Free Agency Targets
Assuming the Lakers find themselves with cap space, either through player departures or savvy maneuvering, they will undoubtedly explore the free agency market. At the top of their wishlist could be DeMar DeRozan, the Compton native and USC product who has yet to reach the NBA Finals. At 35 years old, DeRozan may be enticed by the prospect of chasing a ring in his hometown, potentially on a team-friendly deal.
Should DeRozan prove unattainable, the Lakers could turn their attention to bolstering their wing depth. Kelly Oubre Jr. could provide much-needed on-ball creation, while Doug McDermott’s sharp-shooting prowess could alleviate the team’s spacing woes. Even a reunion with Klay Thompson, should he hit the open market, could be an intriguing possibility.
In the frontcourt, the Lakers face a choice: pursue a physical force like Jonas Valanciunas or prioritize floor spacing with a stretch big like Kelly Olynyk. The decision will likely hinge on Anthony Davis’ role and the team’s overall offensive philosophy.
As the summer unfolds, the Lakers’ path forward will become clearer. But one thing is certain: the decisions made in the coming months will have far-reaching implications for a franchise desperate to return to championship contention in the twilight of LeBron James’ illustrious career.