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Source: L.A.'s Boozer bid $3.25M

Updated: July 18, 2014, 9:30 AM ET
By Brian Windhorst | ESPN.com

The Los Angeles Lakers have acquired Carlos Boozer on amnesty waivers, calling him "an established veteran and a proven All-Star who will be a welcome addition to our team."

Nine teams with cap space were able to make a blind bid to pick up the remaining portion of Boozer's $16.8 million deal with the Chicago Bulls. The Lakers won with a bid of $3.25 million, sources told ESPN.com's Marc Stein.

"We're very pleased to have won the bidding process and to have gained his rights, ...

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