Malik Beasley reached an agreement with the Milwaukee Bucks on a one-year, $2.7 million minimum contract, sources told ESPN's Adrian Wojnarowski.
The Lakers declined Beasley's $16.5-million team option before free agency opened.
A career 37.8% shooter from deep, Beasley averaged 12.7 points, 3.5 rebounds, and 1.5 assists between the Lakers and Utah Jazz last season.
The 26-year-old struggled in the postseason, averaging three points on 29.4% shooting over 11 of the Lakers' 16 playoff contests.
Beasley has also played for the Denver Nuggets and Minnesota Timberwolves over his career.
The Bucks have stayed busy to begin free agency, bringing back Brook Lopez, Khris Middleton, and Jae Crowder while reportedly adding Lopez's twin brother, Robin.
