General manager Mitch Kupchak on Monday described Young as a ''bright spot'' during last year's losing season. He says he's glad to keep someone committed to the rebuilding of the team.
Young averaged a career-high 17.9 points in his first season with the Lakers playing mostly off the bench. He started nine of 64 games. Young led the NBA in four-point plays with seven, a team record.
The Lakers also signed free-agent forward Ryan Kelly, who averaged 8.0 points, 3.7 rebounds and 1.6 assists during his rookie season. He started 25 of 59 games.
Kelly also spent five games with the Los Angeles D-Fenders of the NBA's D-League. He was selected 48th overall by the Lakers in last year's draft out of Duke.