HoopsHype Jordan Farmar rumors

July 19, 2013 Updates
July 18, 2013 Updates
July 17, 2013 Updates

The Los Angeles Lakers have signed free agent guard Jordan Farmar, it was announced today by General Manager Mitch Kupchak. Per team policy, terms of the agreement were not released. “Jordan was a fan favorite and a key contributor to our championship teams in 2009 and 2010,” said Kupchak. “We’re pleased to have him back with the Lakers and look forward to him once again making a positive impact on our team.” NBA.com

July 16, 2013 Updates

The Lakers still are trying to sign Jordan Farmar to a one-year deal worth around $1 million but are involved in a complicated buyout with his professional team in Turkey, according to league sources. The buyout is believed to be at $500,000, although it wouldn't count against the Lakers' salary cap. One source said the Lakers and Farmar are "close" to finalizing the deal. Such a move would put the Lakers with 11 players under contract. All NBA teams can have a maximum of 15 players on their roster. Los Angeles Daily News

July 15, 2013 Updates
July 13, 2013 Updates

Young, a former Cleveland High of Reseda and USC standout, signed a one-year deal worth the veteran's minimum of $1.2 million with the Lakers and was introduced at a news conference Friday. A phone call from Farmar, a former Taft of Woodland Hills star who has agreed to a similar deal to return to the Lakers, pending a buyout with his team in Turkey, helped Young make his choice. "Me and J, we've still been friends off the court," Young said of Farmar. "He tried to get me to UCLA -- I couldn't do that. He gave me a phone call to come on board here." Of course, there was one problem. "Jordan told me I couldn't get No. 1," said Young, who instead was holding a jersey with No. 0 on the back. "I picked this because I'm starting from the bottom again." Long Beach Press-Telegram

July 12, 2013 Updates
July 10, 2013 Updates

The Lakers are trying to sign free-agent guard Jordan Farmar, but it's not as easy as putting pen to paper. Farmar hopes to sign with his former team for $1.2 million and openly talks about his NBA return after spending last season overseas, but the Lakers must negotiate a buyout of his contract with a pro team in Turkey. Los Angeles Times

Farmar, 26, last played in the NBA during the 2011-12 season, averaging 10.4 points and 3.3 assists with New Jersey. He signed a lucrative deal to play in Turkey and would need the Lakers to buy out that deal for $500,000. Los Angeles Times

Jordan Farmar has agreed to sign with the Los Angeles Lakers, the veteran guard told ESPNLosAngeles.com Tuesday night. The sides agreed to a one-year, veteran minimum deal worth approximately $1 million. L.A. must first negotiate a buyout with Farmar's club in Turkey, Anadolu Efes, which is believed to be in the $500,000 range. The buyout does not count against the salary cap, an important detail to the luxury tax-laden Lakers. ESPN.com

The deal required a significant financial sacrifice by Farmar to be completed. The 6-foot-2, 180-pound guard signed a three-year, $10.5 million deal last summer to play in the Turkish Basketball League. "They knew about my deal overseas and really didn't push it earlier because they didn't think I'd be willing to give up that guaranteed money I had over there," Farmar said in a phone interview with ESPNLosAngeles.com. "I wanted to be back in the NBA, but more importantly, back with the Lakers. This is the only situation I would have taken a minimum deal with." ESPN.com

"The plan for me was to get back to the NBA eventually regardless," Farmar said. "I really, really enjoyed my time in Israel. I thought it was a possibility that it would be exactly the same [in Turkey] and I would hop on over there and never look back and I would make good money overseas, but just being over there and staying up until 2, 3, 4 in the morning and watching every NBA game, or watching the Lakers go through what they were going through was just tough. "I missed my family, I missed being home and, ultimately, I missed being a Laker." ESPN.com

Any rumor missing? E-mail us at   hoopshype@hoopshype.com.