FEBRUARY 21: The signing is official, the Sixers announced in a press release.
2:46 pm: Walker will exercise the opt-out clause in his contract with Zalgiris Kaunas after all, Langberg tells Shams Charania of ESPN (Twitter link). According to Charania, the veteran guard has agree to a two-year contract with the Sixers.
While Charania describes it as a $3MM deal, it should be worth a little more than that. Philadelphia only has the ability to offer a minimum-salary contract, but the second year of a minimum offer would come in around $2.94MM.
The amount of Walker’s prorated minimum salary for the rest of this season will depend on when he officially signs. As of today, it would be about $826K, but it will likely take him a little time to gain FIBA clearance.
The second year of Walker’s new contract will be a team option, a source tells Kyle Neubeck of PHLY Sports (Twitter link).
The 76ers currently have a full 15-man standard roster, but their 15th man is David Roddy, whose 10-day contract expires on Thursday night, so Walker figures to take Roddy’s spot on the roster.
Philadelphia will be looking to strike gold in the international market again after signing big man Guerschon Yabusele last summer following his five-year stint in Asia and Europe.
According to Stein (Twitter link), the Sixers’ offer to Walker came in today, just in time for him to take advantage of his Feb. 18 opt-out deadline. The team sought shooting guard insurance with Eric Gordon‘s return from a wrist injury up in the air, Stein adds.
FEBRUARY 18, 10:27 am: The contract that shooting guard Lonnie Walker signed with Zalgiris Kaunas in the fall included a clause that allowed him to opt out up until February 18 in order to return to the NBA.
However, Walker won’t take advantage of that opt-out, agent George S. Langberg tells Marc Stein of The Stein Line (Twitter link). The plan, Stein says, is for Walker to finish the current season in Lithuania and return to the NBA for the 2025/26 season.
Walker has 322 career regular season NBA games under his belt, having spent time with the Spurs, Lakers, and Nets from 2018-24. Last season, he averaged 9.7 points, 2.2 rebounds, and 1.3 assists in 17.4 minutes per game across 58 appearances for Brooklyn, with a shooting line of .423/.384/.763.
The 26-year-old was in camp with the Celtics in October before being cut ahead of the team’s regular season opener.
Multiple reports in recent months have suggested that Walker was drawing interest from NBA teams, including a handful of playoff-caliber clubs. However, it’s unclear whether or not any of those teams made a serious pitch to bring him back stateside.
Walker has averaged 13.6 PPG, 3.2 RPG, and 1.8 APG in 19 EuroLeague games (22.3 MPG) for Zalgiris this season, though his shooting percentages are just 38.7% from the field and 33.1% on three-pointers.