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Dennis Schroder signing with Celtics for reported $5.9 million after reportedly turning down $80M-plus Lakers extension

Veteran guard Dennis Schroder has agreed to join the Boston Celtics.

Schroder announced the news on his Instagram page Tuesday. ESPN's Adrian Wojnarowski reports that the deal is for $5.9 million for one year. According to Marc Stein, then of the New York Times, Schroder turned down a contract extension offer from the Los Angeles Lakers last season that would have paid him roughly $80 million over four years.

After turning down the extension, Schroder became a free agent this offseason. He remained on the market more than a week after the start of free agency on Aug.