*LOUD RECORD SCREECH SOUND*
The Laker offseason suddenly became a hell of a lot less boring.
As wondahbop first noted below, ESPN is reporting that the Lakers have reached agreement with former nemesis Ron Artest on a three-year contract worth $18 million. What this means for the Trevor Ariza negotiations is yet to be known, but understandable speculation about his imminent departure is widespread.
Further analysis, rumination and nail-biting to come here at SS&R. In the meantime, consider this your open thread for all things Artest.
NON-SHOCKING UPDATE: Citing "sources close to the process," ESPN reports that Trevor is Houston-bound.