Decision day for Lakers' Ronnie Price, Wayne Ellington and Tarik Black

Nonguaranteed contracts of Lakers' Ronnie Price, Wayne Ellington and Tarik Black set to lock in at 2 p.m. PST

The Lakers have until 2 p.m. PST on Wednesday to decide on the contracts of Wayne Ellington, Ronnie Price and Tarik Black.

All NBA players on nonguaranteed contracts become locked in if not placed on waivers by the Wednesday deadline.

Ellington is under contract for $1.1 million, of which $581,692 is guaranteed. Price's contract is $1.3 million, with $658,405 guaranteed.

Black, who was claimed off waivers from the Houston Rockets in late December, is earning a nonguaranteed rookie minimum of $507,336. He's also under contract next season, at a nonguaranteed $845,059.

If the Lakers keep all three, the team's payroll will lock in at $70.2 million for a full roster of 15 players, barring a trade.

The franchise recently waived injured swingman Xavier Henry (Achilles' tendon), despite his $1.1-million guaranteed contract, to make room for Black.

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