July 18 (Bloomberg) -- The Los Angeles Lakers signed Carlos Boozer after the Chicago Bulls waived the former All-Star forward using an amnesty provision tied to the National Basketball Association’s collective bargaining agreement, the Lakers said in a statement.
Boozer, a 12-year NBA veteran and two-time All-Star, averaged 13.7 points, 8.3 rebounds and 1.6 assists per game last season for the Bulls, his fourth campaign with the team.
The amnesty clause allows every team one opportunity to waive a player without the remainder of his contract counting toward the salary cap or tax threshold.
The Lakers won the blind bidding for Boozer with an offer of $3.25 million, while the Bulls will have to pay for the rest of his $16.8 million 2014-15 contract, according to ESPN.com.
To contact the reporter on this story: Mason Levinson in New York at firstname.lastname@example.org
To contact the editors responsible for this story: Michael Sillup at email@example.com Mason Levinson, Jay Beberman