The Los Angeles Lakers will sign Rajon Rondo to a one-year, $2.6 million contract once he clears waivers.

Rondo agreed to a buyout on Saturday and he will make his full $7.5 million salary between his buyout and new deal with the Lakers.

Rondo will fill the Lakers' final available roster spot.

Rondo previously spent two seasons with the Lakers and played a key role in their 2020 title.