Carlos Boozer is trading places with Pau Gasol.
The Chicago Bulls used the amnesty clause with the power forward earlier this week 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.
Teams under the salary cap had the opportunity to bid on Boozer. 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, well below his career averages are 16.6 points and 9.8 rebounds. Gasol signed as a free agent with the Bulls after seven seasons with the Lakers.
---Ed Davis signed a two-year deal with the Los Angeles 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 on the first day new contracts could be signed (July 8). Davis averaged 5.7 points and 4.1 rebounds in 15.2 minutes per game.
---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.
"I say back to Kevin, 'Well, that's what I want, too,'" Taylor said on NBA TV.
Many teams are targeting Love, including the Cleveland Cavaliers, Golden State Warriors and Boston Celtics. The Timberwolves are said to prefer a combination of young players on rookie contracts and draft picks. The Boston Celtics could bring the best combination to the table with a multitude of draft choices and 2014 lottery pick Marcus Smart available in any deal.
Cleveland would like to reel in Love and now appear willing to part with 2014 No. 1 draft pick Andrew Wiggins, according to reports Thursday.
---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 3-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 quites after 18 NBA seasons. He averaged 9.3 points per game in the playoffs and is weighing multiple offers.
---Paul Pierce is officially headed to his third team in three years, signing a contract Thursday with the Washington Wizards.
The Wizards did not disclose details of the deal, but The Washington Post reported it is for two years and a full mid-level exception of $10.8 million.
The 10-time NBA All-Star played in 75 games for the Nets last season and averaged 13.5 points, 4.6 rebounds and 2.4 assists game, shooting 45.1 percent from the floor and 37.3 percent from 3-point range. The 36-year-old Pierce spent a majority of his career with the Boston Celtics before a nine-team trade sent him to Brooklyn along with Kevin Garnett last summer.
---The Wizards hired David Adkins, a longtime high school basketball assistant who once worked with Kevin Durant, as a player development assistant, according to The Washington Post.
Adkins will fill the the void on the staff created when Ryan Saunders left to join his father, Flip, with the Minnesota Timberwolves. Adkins created a name as a longtime assistant at DeMatha and Montrose Christian high school, working with future NBA stars including Durant, Greivis Vasquez and Victor Oladipo, among others.
---The Toronto Raptors officially announced free-agent forward James Johnson has re-signed. Financial terms of the two-year deal were not disclosed, but the deal is reportedly worth $5 million. Guard Greivis Vasquez also signed a two-year contract reportedly worth $13 million.
Johnson spent parts of two seasons with the Raptors in 2010-11 and 2011-12, but had issues with coach Dwane Casey and was ultimately benched. He averaged 7.4 points and 3.2 assists for the Memphis Grizzlies last season.
Vasquez averaged 9.5 points and 3.7 assists in 61 games with the Raptors after being acquired from the Kings in December.
---NBA legend Bill Russell was expected to return to his home in the Seattle area on Thursday after collapsing during a speech in Lake Tahoe, Nev., earlier in the day.
The 80-year-old Russell was removed on a stretcher from an event after feeling faint but never lost consciousness and was taken to a local hospital, according to information released by the Celtics. Russell, a Hall of Fame center and popular speaker, was reported to be feeling better after the scare and planned to fly out of Lake Tahoe on Thursday evening.
---Restricted free agent guard Eric Bledsoe is drawing interest from multiple teams ready to swoop in and sign the explosive two-way player as negotiations with the Phoenix Suns deteriorate.