In the first surprising move of the offseason for the purple and gold, Gabe Vincent will sign with the Lakers on a 3-year, $33 million deal, according to multiple reports. Vincent is coming off a strong postseason with the Miami Heat during their run to the NBA Finals.
As a result of this and their bi-annual exception signing of Taurean Prince, the team is now hard capped.
Free agent guard Gabe Vincent has agreed on a three-year, $33 million deal with the Los Angeles Lakers, sources tell @TheAthletic @Stadium. Vincent’s agent, Bill Neff, negotiated the new deal for a tremendous undrafted success story.— Shams Charania (@ShamsCharania) June 30, 2023
The Lakers have agreed to a 3-year, $33 million deal with guard Gabe Vincent, a source confirms to ESPN.— Dave McMenamin (@mcten) June 30, 2023
The Lakers will use nearly their entire $12.4M mid-level exception to sign Gabe Vincent.— Yossi Gozlan (@YossiGozlan) June 30, 2023
Lakers are now $59M below the hard cap with 7 more roster spots to fill.
This feels like one of D'Angelo Russell or Dennis Schroder won't return.https://t.co/82ixkNVi5Q https://t.co/z03DDSIV6P
Gabe Vincent's three-year, $33 million deal with the Lakers is all guaranteed, no options, for the UC Santa Barbara product to join Los Angeles, per source.— Jake Fischer (@JakeLFischer) June 30, 2023
The layout of Vincent’s contract will determine how much of the MLE the Lakers have left, but it is notable they left a little bit of extra wiggle room to sign a player, potentially to use on a buyout during the season.
Last season, Vincent averaged 9.4 points per game while shooting 33.4% from the 3-point line in 68 games, half of those off the bench. In the playoffs, Vincent jumped up to 12.7 points per contest and shot 37.8% from beyond the arc. Vincent was also a prolific shooter in the mid-range last year as well, hitting 50% of his 143 attempts, ranking in the 91st percentile among combo guards.
This move likely signals the end of Dennis Schröder’s time in Los Angeles. The Lakers were going to be limited in what they could offer Dennis, and after presumably using the MLE on Vincent and the BAE on Prince, that rules out most of the ways they could retain him.
With Vincent in the fold, the Lakers backcourt is looking filled out, presuming Austin Reaves and D’Angelo Russell return. The former seems like a given and the latter is still very much an option on the table even after this deal.
I'm hearing the Lakers still have interest in re-signing D'Angelo Russell— Dan Woike (@DanWoikeSports) June 30, 2023
I'm hearing the Lakers still have interest in re-signing D'Angelo Russell, who has been their third priority behind retaining Austin Reaves and Rui Hachimura. The Lakers signing Gabe Vincent likely signals that Dennis Schroder won't be back in Los Angeles. https://t.co/k5mwHTfYME— Jovan Buha (@jovanbuha) June 30, 2023
In that case, the moves in the backcourt are likely sewed up for the Lakers. Vincent is a quality depth piece that can play with any of the other guards on the roster and adds more experience and versatility to the Lakers.
This breaking news story may be updated with more information as it develops. You can follow Jacob on Twitter at @JacobRude.