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Jeremy Lin
Lakers use balance of 'room exception' on Xavier Henry
Lakers use balance of 'room exception' on Xavier Henry

For the first time since 1996, the Lakers this summer went under the salary cap, using their spending power to acquire Jeremy Lin in trade from the Houston Rockets and sign Nick Young to a four-year, $21.3-million contract. Once the team climbed back over the cap ($63.1 million for the 2014-15 season), they gained a $2.732 million "room exception," of which $1.65 million went to re-sign power forward Ryan Kelly -- leaving a remainder of $1.082 million. On Friday, the Lakers re-signed Xavier Henry on what was originally believed to be a one-year deal at a minimum salary of $980,431. Instead, Henry received an additional $101,569 -- the $1.082-million sliver available from...

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