The Lakers will begin training camp in just over a month and start the season on Oct. 28 against the Minnesota Timberwolves.
Recently part-owner and executive vice president of basketball operations Jim Buss told The Times he is optimistic about the season, with hopes the Lakers can develop a core of eight young players to build around.
The Lakers have had casual conversations with forward Metta World Peace about making a return to the team.
Russell's peers gave him a 9.7% chance of winning rookie of the year, but voted the Ohio State guard as top playmaker in his class.
The Lakers promoted front-office executive Ryan West to director of player personnel.