Carlos Boozer was introduced by the Los Angeles Lakers on Friday.
The Lakers were not optimistic about landing Boozer during the waiver claim process but did so with a $3.25 million bid.
Boozer heard the news from his agent.
"I was ecstatic and I was jumping up and down," Boozer said. "I went back out there and got two more hours in."
Boozer is penciled in as the Lakers' starting small forward, although he has played power forward throughout his 12-year NBA career.
Boozer said he believes he could play up to seven more seasons.