Agent: PF Jordan Hill re-signs with Lakers for two years, nearly $8 million

Adrian Wojnarowski of Yahoo! Sports reports that the Los Angeles Lakers have re-signed power forward Jordan Hill to a two-year contract worth almost $8 million.

Jordan Hill has reached agreement on a two-year, nearly $8 million deal with the Lakers, his agent Kevin Bradbury tells Y! Sports.—
Adrian Wojnarowski (@WojYahooNBA) July 21, 2012

Bradbury: "Jordan was excited about the fact that Steve Nash decided to join the Lakers and the prospect of winning a championship in LA."—
Adrian Wojnarowski (@WojYahooNBA) July 21, 2012

Hill was the eighth overall pick in the 2009 draft, by the New York Knicks. He played only 24 games for New York before being traded to Houston as part of a deal for Tracy McGrady. The Lakers acquired him at the trade deadline this past season for Derek Fisher and a first-round pick.

Hill has averaged 5.3 points and 4.2 rebounds in his career, in just 14.6 minutes per game.

Eric Pincus of HoopsWorld.com offered his take via Twitter:

Another solid get for the Lakers – Jordan Hill for two-years at about $4 mil a season is solid for a reserve, active big—
Eric Pincus (@EricPincus) July 21, 2012

Other reports also have the deal coming in at just under $8 million, but Pincus calculates it at a bit less:

I have Jordan Hill at $7,537,494 for 2 years (unofficially) – limited to the declined year from Rockets in first year—
Eric Pincus (@EricPincus) July 21, 2012