Lakers Trade For Jose Calderon, Will Absorb His Expiring Contract Into Cap Space

The Los Angeles Lakers have acquired Jose Calderon from the Chicago Bulls

In a move that will assist the Chicago Bulls in clearing cap room in order to sign Dwyane Wade, the Los Angeles Lakers have agreed to trade for Jose Calderon.

Adrian Wojnarowski from The Vertical and ESPN’s Marc Stein both confirmed the move, though it’s not yet clear if any other pieces are involved.

It seems, however, that the purple and gold will simply absorb Calderon’s contract into their cap space, per Mike Bresnahan.

The move makes a lot of sense for the Lakers.

Calderon is on an expiring deal, so he will be off the books next summer and could also be useful if the Lakers decide to make any trades this season.

On the basketball side things, he’s an upgrade over Marcelo Huertas, who was previously expected to the team’s back up point guard next season.

Calderon is a year older than Huertas, but has much more NBA experience and is a far better shooter – he’s hit 41 percent of his attempts from three-point range over the course of his 11-year NBA career.

Written by Ross Pickering

Ross Pickering is the founder of Lakerholicz.com. He's here to bring you daily updates on your Los Angeles Lakers, despite living 5,485 miles away from L.A. in England. You can follow him on Twitter: @RossPickering