$24M per year is more than Kobe's worth but at this point you are paying Kobe to sell tickets. Without Kobe and if they can't land Melo next year, the Lakers would have had no stars people are willing to pay to see on the team.
The Lakers are going no where in the next two year short of Lebron and Melo joining them. So I see this as a not too bad a business move even though it doens't make much basketball sense.
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