Lakers sign Malone, Payton to contracts

Lakers sign Malone, Payton to contracts

Postby LakersGyrl2003 on Tue Jul 15, 2003 10:50 pm

http://www.sportsline.com/nba/story/6482752

LOS ANGELES -- True to their word, future Hall of Famers Karl Malone and Gary Payton signed contracts with the Los Angeles Lakers. And they did so at just about the earliest possible moment.

Team spokesman John Black said Malone and Payton, who verbally committed to join the Lakers at discount prices last week, signed shortly after midnight EDT on Wednesday.


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Postby LakersGyrl2003 on Tue Jul 15, 2003 11:08 pm

Malone, the second-leading scorer in NBA history who is considered perhaps the greatest power forward ever, signed a two-year contract worth just over $3 million, Black said.

Malone, who earned $19 million last season in his 18th and final season with the Utah Jazz, will earn the veteran's exception of $1.5 million next season.


Payton, five years younger, also signed a multiyear contract. He established himself as one of the NBA's finest point guards in Seattle, where he played for nearly 12 seasons before being traded to Milwaukee this past season.

The players will be introduced Thursday morning at a news conference at Staples Center.

Payton, who earned $12 million last season, will make $4.9 million in his first year with the Lakers.


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