6:26pm: Both moves are official, the Lakers announced (via Twitter).
1:09pm: The Lakers have signed free agents Kylor Kelley and Quincy Olivari to Exhibit 10 contracts, according to reports from Jovan Buha of The Athletic and Trevor Lane of Lakers Nation (Twitter links). Olivari’s agreement with the team was first reported in June, but Lane indicates that it’s official now (Twitter link).
Kelley, who went undrafted out of Oregon State in 2020, has played in the G League and a handful of other non-NBA leagues – including in England and Denmark – since going pro.
The 7’0″ center spent the 2023/24 season with the Maine Celtics, Boston’s affiliate, and earned NBAGL All-Defensive honors after averaging a league-leading 2.9 blocks per game in 29 regular season appearances (22.0 MPG). Kelley, 26, also contributed 7.8 points and 5.7 rebounds per contest.
Olivari, meanwhile, was a two-time All-CUSA honoree during his four seasons at Rice who transferred to Xavier for his final season of NCAA eligibility in 2023/24. The 6’2″ guard posted averages of 19.1 points, 5.6 rebounds, 2.1 assists and 1.4 steals per night last season, with shooting splits of .425/.409/.814.
Olivari played for the Lakers’ Summer League team last month, while Kelley suited up for the Thunder’s Summer League squad.
A player on an Exhibit 10 contract can earn a bonus worth up to $77.5K if he’s waived by his NBA team and then spends at least 60 days with his club’s G League affiliate. Exhibit 10 deals can also be converted to two-way contracts before the start of the regular season.
The Lakers now have 20 players under contract, including 15 on guaranteed standard deals and three on two-way pacts.