Odom Re-signs with Lakers

Sources from within the Lakers' organization have informed me this afternoon that Lamar Odom has agreed on a contract to stay with the Los Angeles Lakers. The deal is for 3 years, $25 million with a team option that could stretch it to 4 years, $33 million. If the Lakers do not exercise the team option during the 4th year, Odom would receive $2 million guaranteed, which would push his deal to 3 years, $27 million guaranteed. This is essentially the same deal that Buss held firm with from yesterday's meeting. I have been told that Odom and his agent changed their minds on accepting the deal shortly after leaving the meeting. It was slightly less than they wanted, but they decided that because Lamar really wanted to stay with the Lakers, they would bite the bullet and take it.

I, for one, am relieved this saga is over and I can fully enjoy the summer knowing the entire team has remained intact, save the Artest for Ariza switch. Thanks to those that have been following the Lamar Odom situation and I hope I have been useful as your connection to the LA Lakers. Cheers.