If the Magic would rather hold on to Howard and take their chances when he becomes a free agent, the Lakers could shed salary by not picking up the contracts of Bynum or Lamar Odom ($8.2 million) after the 2011-12 season. But they would still need to move other contracts to get far enough below the cap to sign a major free agent.
I hear all kinds of mixed messages on Howard. One person told me Howard wants to be a Laker. Someone else said he wants Chris Paul to join him in Orlando. Another said his top priority is to sign a maximum contract, which would make a trade (either in-season or a summer 2012 sign-and-trade) the only way for him to land in Los Angeles.
- J.A. Adande
http://sports.espn.go.com/nba/playoffs/2011/columns/story?columnist=adande_ja&page=LakersNext-Adande-110508
Sucks we have to deal with this for the next 6+ months (assuming there's a lockout).