NBA: Los Angeles Lakers finalise deals for Nick Young and Jordan Hill

The Lakers re-signed two players after trading for the Houston Rockets' Jeremy Lin, but Pau Gasol could be on the way out.

NBA free agency has finally sprung into action and the Los Angeles Lakers have been the busiest team in the league on a manic night of moves. 

Hours after trading for Houston Rockets point guard Jeremy Lin, the Lakers announced new contracts for shooting guard Nick Young and power forward Jordan Hill.

Young, who had a career year last season, averaging 17.9 points per game on 43.5% shooting. He has been rewarded with a four-year, $21.5 million, his agent confirmed to ESPN's Jeff Goodman.

Young is likely to take up the role of sixth man for the Lakers, backing up star shooting guard Kobe Bryant.

Hill, meanwhile, signed a deal worth $18 million over two years. Yahoo's Adrian Wojnarowski reported the deal. 

Hill's contract will allow the Lakers to maintain cap space for the 2016 offseason, when Kobe Bryant's mega-deal to come off the books. The Lakers are looking to build a playoff-caliber team this offseason while maintaining cap flexibility for the near future.

There was some bad news for Laker fans, however, as Pau Gasol reportedly rejected a contract extension. Adrian Wojnarowski tweeted the news.