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Magic Johnson: I’ll ‘Step Down’ if I ‘Can’t Deliver’ by Next Summer

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Saying it won’t be a failure if the Los Angeles Lakers do not land a max free agent this July, team president Magic Johnson set a timeline for his rebuild by saying he will “step away” if he “can’t deliver” by next summer.

“No, because I told you this is [about] two summers,” Johnson said when asked if it will be a failure if the Lakers don’t land a max star like LeBron James or Paul George in free agency next month. “We don’t know what people are going to decide, and we can’t control that. So if guys decide not to come here, it’s not a failure — we turn to next summer.

Source: Ohm Youngmisuk of ESPN

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Sources: Caris LeVert, Nets Agree to Extension

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Brooklyn Nets guard Caris LeVert has agreed to a three-year, $52.5 million contract extension, league sources tell ESPN. LeVert turns 25 today.

Source: Adrian Wojnarowski on Twitter

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Sources: Dwight Howard, Grizzlies Agree to Buyout, to Sign with Lakers

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Sources: Dwight Howard surrendered nearly $2.6M of his $5.6M guaranteed salary to Memphis in buyout. He can earn $2.6M on his vet minimum deal with Lakers — if he survives on roster past early January. Ideal outcome for Grizzlies, who never intended to bring Howard to camp.

Dwight Howard is finalizing contract buyout with Memphis and plans to sign with the Los Angeles Lakers as free agent, league sources tell @TheAthleticNBA @Stadium.

Source: Adrian Wojnarowski and Shams Charania on Twitter

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Sources: Trevor Booker Working Out for Multiple Teams

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Free agent Trevor Booker recently worked out for the Denver Nuggets, according to sources. Booker also has upcoming workouts scheduled with the Milwaukee Bucks and Los Angeles Clippers.

Source: Alex Kennedy on Twitter

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