Derek Fisher will re-join the Lakers.

Fisher and the Lakers have agreed to a three-year contract worth about $13,959,000, league sources said.

However, there will be a holding period before he can sign the contract. Fisher, who was released by the Utah Jazz last week, has to clear waivers first.

It'll take seven days before Fisher can clear waivers, and that won't start until his previous contract of $20,592,600 that he walked away from is amended to zero dollars.