The Cleveland Cavaliers have confirmed they are signing Mike Brown as their next head coach, replacing recently fired Byron Scott, and the Los Angeles Lakers will financially benefit from this move, according to a report from Mark Medina of the L.A. Daily News:
The Lakers will receive "some relief" from the $6 million to $7 million they owe Brown over the next two years after firing him five games into this season, according to a source familiar with the situation but not authorized to discuss it publicly.
The source indicated both sides will know how much the Lakers will save once Brown’s contract with Cleveland is finalized.
The numbers have not been finalized, or disclosed, on the contract between Brown and the Cavaliers.
Meanwhile, back in Southern California, the Lakers will be receiving a mail-in rebate on the firing of Brown. Mike D'Antoni has an $8 million guaranteed contract for the next two seasons, but a chunk of Brown's salary looks to be on the way off the books. In other words, the Lakers essentially amnestied Mike Brown.