The Lakers also renounced Julius Randle, making him an unrestricted free agent, according to ESPN.
By putting a player option into the second year, Randle will have the ability to opt for free agency again next offseason if things don't exactly work out with Davis.
Rondo considered remaining with the Pelicans before accepting the Lakers' offer. Randle would have cost a lot, unless they were able to get him to agree to a big one-year deal. The next big question revolves around free agent DeMarcus Cousins. Another free-agent acquisition made by the Lakers since the signing of LeBron James is JaVale McGee.
The problem with the signings of Stephenson, McGree, and Rondo is that none of the players are particularly good, and the Lakers ate up valuable cap space to add them. While the Lakers have plenty of young talent, the team chose to add some veteran reinforcements in the form of Kentavious Caldwell-Pope, Lance Stephenson, and JaVale McGee.
Alberta trade minister supports retaliatory tariffs
That threat could be a negotiating ploy to restart talks on the North American Free Trade Agreement. Many of the U.S. products were chosen for their political impact, rather than economic.
The four-year veteran is coming off four seasons with the Lakers in which he averaged 13.5 points and 8.9 rebounds per game while shooting 49.3 percent from the field. Both reports came from ESPN's Adrian Wojnarowski, citing sources.
It's unclear what Rondo's addition means for point guard Lonzo Ball, who started 50 of 52 games for the Lakers last season as a rookie.
Randle, 23, was originally drafted by the Lakers with the seventh overall pick of the 2014 draft. His progress was slow and unsteady in his first three seasons in the National Basketball Association (he missed his entire rookie season after breaking his leg in the season opener), but he made significant strides in 2017-18, when he averaged 16.1 points and 8 rebounds.
The Los Angeles Lakers roster is starting to look very different than it did less than 24 hours ago.