Hibbert was informed on Saturday that he can expect to be moved to the Lakers once an agreement in principle is reached, league sources told Yahoo Sports. The Pacers have informed some rival teams – including those with an interest in Hibbert – that they had found a deal for him, league sources said.
The final hurdle in the deal centers on the 15 percent trade kicker that activates with Hibbert and his $15.5 million salary for the 2015-16 moving to the Lakers. Los Angeles has the salary-cap space to take on that salary and the $2.3 million trade kicker – essentially a bonus the Pacers must pay Hibbert – but Los Angeles wants to find a creative way to preserve more cap room in the deal, league sources told Yahoo Sports.
After the Lakers absorb the $2.3 million trade kicker, it will leave them with less than $5 million available under the cap to spend elsewhere in free agency. There are several possible solutions to the snag, but both sides believe they will find a resolution and the deal will be formalized when the NBA's moratorium on player business ends on Thursday, sources said.
The Pacers will receive a future second-round pick as part of the proposed deal, sources said. Indiana has been determined to unload Hibbert's contract and move forward with a sleeker, faster offensive style without him. Indiana reached an agreement to sign guard Monta Ellis to a four-year, $44 million contract this week. Veteran forward David West also opted out of the final year of his contract to pursue a deal with a championship contender.
The Lakers need frontcourt help after missing out on their top two free-agent targets: LaMarcus Aldridge, who agreed Saturday to sign with the San Antonio Spurs; and Greg Monroe, who accepted a maximum contract offer from the Milwaukee Bucks.
For Hibbert, the former two-time All-Star gets a chance to restart his career with the Lakers after his production dropped over the past two seasons with Indiana.
Hibbert, 28, averaged 10.6 points, 7.1 rebounds and 1.6 blocks in 76 games with the Pacers last season. Hibbert had spent all seven of his NBA seasons with the Pacers after they took him with the 17th overall pick in the 2008 draft.