The Los Angeles Lakers had big dreams coming into the 2014 offseason with visions of Carmelo Anthony or LeBron James taking control of the organization. But neither showed much interest in playing for the proud franchise leaving the Lakers standing at the alter.
Sure, there was the addition of Jeremy Lin and the Los Angeles Lakers were able to re-sign some of their own free agents, but it’s safe to say most in Los Angeles are disappointed with how how the offseason unfolded.
The fact that the Lakers weren’t able to lure any big names though did have a small positive and that’s the contract of Steve Nash not being spread out over the course of next few years.
There was talk suggesting that the franchise could use the stretch provision on Steve Nash which would have made him a free agent and allowed the Lakers to pay him over the course of time. But that also would have put a dent in their pockets down the road.
Deciding they didn’t want to deal with that, the Los Angeles Lakers have decided not to use the stretch provision on Nash and will let his contract run out in full once the upcoming season concludes.
And, of course, Nash, might be a reserve. The Lakers would have waived him had they signed Anthony and Gasol, but now they’ll eat the final year of his contract in one $9.7-million chunk instead of spreading it out over three years and taking up precious cap space in the summers of 2015 and 2016.
Such a move was all but assured once the Lakers whiffed on their free agent targets, but it seems all but official now.