The Lakers are waiving guard Shake Milton‘s $3MM contract for 2025/26, per Shams Charania of ESPN (Twitter link). Charania notes that L.A. is carving out cap space for new addition Marcus Smart.
As Bobby Marks of ESPN notes (via Twitter), the move now puts Los Angeles $3.9MM below the league’s first luxury tax apron. Smart’s salary for 2025/26 is $5.1MM, and Marks suggests that another transaction is on the way for the Lakers to accommodate signing him.
More to come…