Lakers fans everywhere are excited by the agreed upon Anthony Davis trade with the Pelicans.
Initial reporting on Saturday speculated that Los Angeles would still have between $27 and $32 million in cap space remaining, enough to bring in another marquee player through free agency.
But new information coming out Sunday paints a slightly bleaker picture for the Lakers.
ESPN's Adrian Wojnarowski reported that the trade won't be executed until July 6.
Davis also has a 15 percent trade kicker that equates to $4 million. He could waive the trade kicker to help the Lakers, but Wojnarowski doesn't see that happening.
With that in mind, the Lakers' cap space would decrease from just over $27 million to just over $23 million.
For now, expectation is Anthony Davis trade will be completed on July 6, league sources tell @BobbyMarks42 and me. Assuming Davis declines to void $4M trade bonus, this leaves Lakers with $23.7M in space. There is chance that could be amended to July 30, but it’s still 6th now.— Adrian Wojnarowski (@wojespn) June 16, 2019
But there's more.
By completing the trade on July 6, the player the Lakers draft with the No. 4 overall pick next Thursday wouldn't count towards their salary. But if the Lakers were to tell the Pelicans 'Hey, let's wait until July 30 to execute the trade,' Los Angeles could free up salary-cap space because the No. 4 pick would be on the books.
Wojnarowski believes there's a chance the teams wait until July 30, but for now, he expects the blockbuster trade to go through on July 6.
If Pelicans and Lakers waited until July 30 to complete trade, Lakers could’ve had $32.5M in cap space --- enough to pursue a max level free agent. By waiting 30 days, Lakers would be acting like a team over the cap and thus allowed to use 4th overall pick in draft as salary. https://t.co/BdKtxFtvai— Adrian Wojnarowski (@wojespn) June 16, 2019
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If that's the case, the Lakers will have less cap space than they had hoped. That would be welcome news for the Warriors and Kings, who are watching their Pacific Division rival retool their roster in a big way.
If the Lakers aren't able to add a marquee free agent alongside Davis and LeBron James, they won't be as daunting.