The Lakers had previously made a two-way deal with the Cavaliers, sending Rondo to the Cavaliers for Valentine. According to the latest announcement of the team's official, the deal has been officially upgraded to a 3-party deal, and the Knicks have also joined the deal.
The transaction details are as follows:
The Lakers sent out: Rondo + Wang Zhelin's signing rights + Newley's signing rights + part of the cash, to get: Luis Rabel's signing rights;
Knight sent out: Valentine, get Rondo;
The Knicks gave away: Luis Rabel's signing rights, and got: Valentine + Newley's signing rights + part of the cash.
In this deal, Wang Zhelin is the 57th pick in 2016, after being sent to the Lakers by the Grizzlies in a trade, but the former did not get the opportunity to join the Lakers. Newley is the 54th pick in 2007, now 36 years old, and Rabel is the 57th pick in 2014. These 3 signing rights are just pure additions in this transaction.
The deal allows all three teams to take what they need, and the Lakers kill two birds with one stone.
After the Cavaliers were reimbursed for injuries in Sexton and Rubio, the team's no. 1 position was short of manpower, leaving only Garland available, and the introduction of Rondo was also hoped that the All-Star veteran could take Rubio's place, bring experience to the team, and also share Garland's pressure on the ball. Rondo, who has few chances at the Lakers this season, is expected to regain his new year with the Cavaliers and become an important part of the dark horse to impact the playoffs.
The Knicks joined the deal, which is a foolproof solution for them, the team is currently plagued by injuries and manpower shortages, and after obtaining Valentine through this deal, they can choose to keep him or buy him out. According to the media, the Knicks will soon make a decision on whether to let Valentine stay in the lineup.
The Knicks didn't lose anything in the deal, they just gave away a second-round show signing rights and received $1.1 million in compensation. And the 1.1 million US dollars is exactly the cost paid by the Lakers to buy out Valentine by the Knicks' hand, and if the Knicks choose to keep Valentine, the 1.1 million US dollars is equivalent to the Lakers helping them pay Valentine's salary.
The Lakers completed the deal with two birds with one stone.
First of all, the Lakers cleared out a spot by sending Rondo, which can be used to regularize Stanley Johnson, the former no. 8 show who signed a 10-day short-term worker, who performed well on the defensive end after joining the Lakers, has gained the trust of coaches and teammates, and has become one of the important rotations of the team, especially after changing to a small lineup, the help and support he brings on the front line is very critical.
Secondly, the Lakers used the Knicks to cut Valentin, they do not have to pay extra luxury taxes, because the Lakers' salary space has exceeded the salary cap, even if they cut Valentine, the latter's salary will be included in the Lakers' total salary cap and increase the luxury tax burden. With the deal, the Lakers expect to save $4 million.