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Rumor: Kyrie Irving’s shocking outlook on taking $30 million pay cut to sign with Lakers

Kyrie Irving, Lakers, Nets

Kyrie Irving’s future with the Brooklyn Nets is firmly up in the air, with various rumors suggesting the point guard is seeking an exit from the Nets in order to reunite with LeBron James on the Los Angeles Lakers. The latest rumor from Bleacher Report’s Jake Fischer suggests that Irving would be willing to opt out of his deal with the Nets and take a seismic pay cut to join forces with LeBron and AD in Los Angeles.

According to the rumor, Irving’s willingness to opt out of his deal and sign a $6 million taxpayer midlevel exception deal with the Lakers has increased, making the possibility of a move to LA all the more likely.

Kyrie Irving will have to declare whether he’s opting into his Nets contract by 5:00 p.m. ET on Wednesday, June 29. If he does opt in, the Nets are on the hook to pay him $36.5 million in 2022-23 and he’d be an unrestricted free agent the following year.

Irving, however, could wind up opting out of his current contract with the Nets and join the Lakers on a one-year deal worth $6 million, via the taxpayer midlevel exception, and then have the possibility of signing a long-term contract with the franchise after the 2022-23 season.

It would be a risky move for Irving to throw away $36.5 million in favor of joining LeBron on the Lakers, but the situation in Brooklyn seems to be worsening by the day. Irving’s decision will be made by Wednesday, at which point his future with the Nets will become clear.