Per ESPN.com:
Co-heads of CAA Basketball Austin Brown and Aaron Mintz, along with Antonio Russell, have confirmed that D’Angelo Russell has an agreement on a two-year, $37 million contract with the Los Angeles Lakers.
A player option for the next year is part of the agreement.
In a three-team trade involving the Lakers, Minnesota Timberwolves, and Utah Jazz, Russell, who was originally selected by the Lakers with the No. 2 overall pick in 2015, returned to Los Angeles in February. He came from the Wolves to take the place of departing Russell Westbrook.