One source with knowledge of the talks told ESPN.com the four-year deal is worth $33 million if the Lakers exercise the final season.
One source close to the process said Odom will come away with a guaranteed $27 million from the new contract, matching the original value of the three-year, $27 million deal Lakers owner Jerry Buss pulled off the table earlier this month.
It’s believed that the structure of the new deal calls for Odom to earn $25 million over the first three seasons, with the Lakers owing him $2 million in the fourth year if they elect not to pick up their team option.
Hoopinion also reports that the Hawks have pretty much re-signed Marvin Williams:
I thought I’d wait until things were settled but that’s apparently not very new media of me. If the years and money being reported (5 years, $37.5-40 million) are accurate this seems like a good deal for the Hawks whether the intend to keep Marvin Williams or use him as a trading chit. I’d be surprised if he, barring injury, fails to provide $8 million worth of production in any of his age 24-28 seasons.