The Los Angeles Lakers have waived Mo Bamba while also deciding against picking up the $16.5 million option on Malik Beasley.

The moves will put the Lakers on the track to remain below the $172 million luxury tax cap threshold for 2023-24 and allow them to use the full $12.4 million non-taxpayer midlevel exception.

Bruce Brown Jr. and Brook Lopez are amongst the players the Lakers are targeting with the MLE.

The Lakers could bring back Bamba or Beasley on a new deal.