"Jordan was a fan favorite and a key contributor to our championship teams in 2009 and 2010," said General Manager Mitch Kupchak in a team statement. "We’re pleased to have him back with the Lakers and look forward to him once again making a positive impact on our team."
Farmar was drafted by the Lakers in 2006 with the 26th overall pick, winning NBA titles in 2009 and 2010. The UCLA product left the Lakers for the New Jersey Nets (now in Brooklyn) in 2010 before leaving to playing overseas in 2012.
The Lakers came to terms last week with Farmar, contingent on a buyout with Turkish club Anadolu Efes Istanbul. Though the numbers aren't published, it is believed that Farmar gave up a significant amount of money to return to the Lakers and the NBA.
Technically teams can add up to $575,000 to help a player get out of an international contract -- without counting toward the team's salary cap or luxury tax. It's not clear if the Lakers contributed to Farmar's buyout.
Farmar is 26. The 6-foot-2 guard has a career average of 7.7 points a game but in his final season with the Nets (2011-12), he averaged 10.4 points a game while shooting 44% from three-point range.
With a one-year contract, Farmar will earn $1,106,941 with the Lakers next season.
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