The Lakers informed Cook of his release following Monday's 127-124 overtime loss to the Wizards, Shams Charania of The Athletic reports.

Los Angeles was satisfied enough with how Cook had performed as a depth guard, but the team elected to part ways with him to create more cap flexibility before his 2020-21 salary became fully guaranteed Wednesday. After releasing Cook, the Lakers are now able to sign two players to prorated veteran's minimum deals after Feb. 24. The veteran guard has experience as a deep bench option on champion clubs in the Lakers and Warriors, so he shouldn't have too much trouble finding a job with another team.

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