Lakers officially sign Michael Frazier to two-year deal

The Lakers officially signed undrafted Florida guard Michael Frazier on Tuesday.

The team described the contract in a release as a multi-year deal, but a league source familiar with the terms said Frazier will have a two-year deal worth $1.4 million.

Frazier is not assured a spot on the Lakers’ training camp roster, and only $50,000 of his rookie salary worth $525,000 is guaranteed. Frazier is slated to make $875,000 in the 2016-17 season, though that is not guaranteed.

Frazier made 43 percent of his 3-pointers during three seasons at Florida before playing for the Golden State Warriors’ summer league team.

The Lakers currently have 16 players under contract, including non-guaranteed deals for Tarik Black and Jabari Brown. The Lakers are over the NBA’s 15-man roster limit, but they can field as many as 20 players during training camp. If Frazier does not make the Lakers’ roster, he could play for the team’s Development League affiliate, the D-Fenders.

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