There were nine teams with cap space that were able to make a blind bid to acquire Boozer and pick up a portion of his expiring contract. Multiple reports have the Lakers' bid at $3.25 million, meaning the Bulls are on the hook for the rest of his expiring $16.8 million, which would be $13.6 million, but the money is off the books for cap and tax purposes.
The Bulls waived Boozer using their amnesty provision on Tuesday. The move allowed the team room to sign Pau Gasol and Nikola Mirotic, who will be introduced during a Friday press conference at the United Center.
In four seasons with the Bulls, Boozer appeared in 280 games (all starts) and averaged 15.5 ppg, 9.0 rpg and 2.0 apg in 30.4 mpg and shot .491 from the field.
He averaged just 13.7 points and 8.3 rebounds in 76 games last season in 28.2 minutes per game, which was the lowest minute total he had played since his rookie year.
Boozer does brings durability as well as rebounding and scoring. In his last three seasons with the Bulls, he only missed nine out 230 games.
He will join a rebuilding Lakers squad that finished 27-55 last season and struck out this summer in trying to land Carmelo Anthony and LeBron James to pair with Kobe Bryant.
The Lakers have still yet to hire a head coach, but multiple reports have Bryon Scott as the presumable favorite to land the position.