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#pounditMonday, January 6, 2025

Lakers bring back guard who infamously turned down big contract

Dennis Schroder warming up

Jan 15, 2020; Oklahoma City, Oklahoma, USA; Oklahoma City Thunder guard Dennis Schroder (17) smiles during warm ups before a game against the Toronto Raptors at Chesapeake Energy Arena. Mandatory Credit: Alonzo Adams-USA TODAY Sports

Well, well, well, how the turntables have … for Dennis Schroder.

Schroder is re-signing with the Los Angeles Lakers on a 1-year deal. The contract reportedly is for $2.64 million.

Schroder, 29, played for the Lakers in the 2020-2021 season. He averaged 15.4 points, 5.8 assists and 1.1 steals in 32.1 minutes per game.

Schroder turned down a 4-year, $84 million contract extension offer from the Lakers. He wasn’t happy with his role on the team, and his decision to reject the contract turned out to be a mistake.

The veteran guard only played for $5.89 million last season. He was recently playing in the EuroBasket competition and looking good.

From rejecting $21 million a year to now signing for $2.64 million, Schroder really screwed up, but he acknowledged his mistake. He seemed to want a reunion with the Lakers and even petitioned LeBron James for another shot. His wish has now come true. What a steal for the Lakers.