Sam Amick: The Lakers did a very puzzling thing today, and only time will tell if they pay a price for it in their pursuit of an 18th championship. When faced with the prospect of losing Alex Caruso, the 27-year-old guard whose Bird rights they carried and could thus pay whatever they wanted, they didn't put up any free-agency fight en route to him agreeing to a four-year, $37 million deal with Chicago. According to a source with knowledge of the situation, Caruso's camp went back to the Lakers after the Bulls made their offer and were told that there would be no counter.
Considering the many roster holes that remain around the LeBron James/Anthony Davis/Russell Westbrook superstar trio, with only the taxpayer midlevel exception ($5.9 million) and minimum-salary slots at their disposal, it's quite a surprise to hear they didn't make a more spirited push -- or any push, really -- to hold onto Caruso. Forget the part about him being a fan favorite -- that only matters, well, to the fans. But on this team that had such a strong defensive identity, he had grown into a very strong perimeter defender and a valuable rotation player (21 minutes per game in the regular season; 20.1 in the first round against Phoenix).
John Hollinger: It appears the Bulls can execute a sign-and-trade for Alex Caruso that keeps their full midlevel exception available and generates an $8.3 million trade exception for the Lakers. With the exception that is created by the sign-and-trade of Daniel Theis to Houston, the Lakers can sign Caruso for the same amount as Theis' 2021-22 salary plus $100,000, which is exactly what would be needed to generate a four-year, $37 million for him. The only hiccup is getting the Lakers to play ball, but that shouldn't 't be hard since the same sign-and-trade generates a similar sized exception for L.A. ... which can ride the same trade exception carousel to bring in its own player on a similar contract, although NOT via sign-and-trade due to the hard cap.
https://theathletic.com/live-blogs/2021-nba-free-agency-live-updates-news-analysis-trades/Sv5IIlL9fSee