Elias Harris Rumors

All NBA Players

Last week, the Lakers cut rookie forward Elias Harris, reducing the team’s roster to 14 players. Undrafted out of Gonzaga, Harris was on a rookie minimum salary of $490,180, of which $100,000 was guaranteed. In two appearances, for a total of just under six minutes, Harris wasn’t able to notch a single point. The Lakes made sure to cut him before he earned more than this guarantee, reducing the team’s total payroll from $79,186,502 to $78,796,322. Though the salary difference was “just” $390,180, the Lakers saved an additional $682,815 in luxury-tax penalties. Waiving Harris saved the Lakers a total of almost $1.1 million.
via Los Angeles Times