Lakers news: Jordan Farmar agrees to 1-year deal with Lakers, according to report

Jordan Farmar is returning to the Los Angeles Lakers after all. Teams can begin signing players July 10, and the Lakers have reached a one-year deal with Farmar, reports Dave McMenamin of ESPN. The deal is for the veteran's minimum.

The team now has to reach a buyout agreement with his Turkish Basketball League club. His buyout is expected to be roughly $500,000, according to McMenamin. Collective Bargaining Agreement guru Larry Coon has clarified that teams can pay up to $575,000 of a player's buyout.

Reports had indicated the the Lakers reached out to the former Laker shortly after free agency officially began, but shortly after it was reported that the contract Los Angeles had to offer was actually less than the buyout he would have to pay.

He last appeared in the NBA with the Brooklyn Nets (then still in New Jersey). He averaged a career-high 10.9 points per game on 46 percent shooting overall, and 44 percent shooting from beyond the arc.

- Drew

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