Carlos Boozer is trading places with Pau Gasol.
The Chicago Bulls used the amnesty clause with the power forward after they signed former Los Angeles Lakers 7-footer Gasol, leaving Boozer available to the highest bidder. The Los Angeles Lakers swooped in and claimed him Thursday, according to multiple reports. The amount of the Lakers' bid was not known.
The Lakers' bid amount will be subtracted from what the Bulls owe Boozer for next season. Chicago will pay the remainder of his $16.8 million contract.
A 12-year veteran, Boozer averaged a career-low 13.6 points and 8.3 rebounds per game last season for the Bulls. His career averages are 16.6 points and 9.8 rebounds.
Ed Davis signed a two-year deal with the Lakers that includes a player option for 2015-16.
Davis played for the Memphis Grizzlies last season and will replace Chris Kaman on the roster in Los Angeles. Kaman signed with the Portland Trail Blazers.
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Kevin Love, the hottest NBA commodity available as free agency options dwindle, remains with the Minnesota Timberwolves and owner Glen Taylor hopes to keep the All-Star in the fold.
Love plans to test free agency if he plays out his current contract with the Timberwolves, who have not made the playoffs in Love's six seasons.
Many teams are targeting Love, including the Cleveland Cavaliers, Golden State Warriors and Boston Celtics.
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Ray Allen continues to contemplate his future and possible retirement as his 39th birthday approaches, but recently signed Cavaliers guard Mike Miller is trying to tempt a fellow three-point ace with a LeBron James reunion.
"We got James Jones, now we're moving Miami to northeast Ohio," Miller said.
Allen, who turns 39 on Sunday, is reportedly on the fence about calling it quits after 18 NBA seasons.