The Los Angeles Lakers will waive Aric Holman from his Exhibit 10 contract in order to sign Dwight Howard.

Howard agreed to sign with the Lakers last week.

The Memphis Grizzlies recouped $2.6 million of Dwight Howard's $5.6 million guaranteed salary in their buyout agreement.

Howard can earn $2.6 million on his veteran's minimum deal if he remains on the Los Angeles Lakers' roster past early January. Howard will be on a non-guaranteed contract with the Lakers.

The Grizzlies never intended to bring Howard to camp.