Fox Agrees to Six-Year Deal
The Lakers on Wednesday continued to lock up players for the long term, agreeing in principle to a six-year deal with swingman Rick Fox worth about $25 million, according to Fox’s agent, Mark Portnoy.
Although there are still details to resolve involving the NBA’s “early Bird” exception--the league and the union differ by $240,000 on what that salary slot should be--Fox could sign the contract as early as today.
Fox, a valuable reserve at guard and small forward, played last season for the $1.75-million exception; the season before that, Fox was paid $1 million, each time choosing to take less to be with the Lakers than other teams had offered.
As a two-year member of the Lakers, Fox is eligible for the exception that will start his deal at the average NBA salary ($3.03 million, according to the NBA; $3.27 million, according to the union), or he can start the deal at 175% of last season’s salary, whichever turns out to be greater.
Fox’s agreement follows by a day the Lakers’ seven-year, $24-million commitment to point guard Derek Fisher.
The last remaining major Laker personnel matter apparently is their attempt to sign veteran free-agent power forward Charles Oakley.
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