The Los Angeles Lakers have converting two-way guard Jordan Goodwin to a standard two-year NBA contract and waived forward Cam Reddish,  the team announced Thursday.

Goodwin has emerged as a key reserve for the Lakers, earning the trust of head coach JJ Redick while on his two-way contract. Goodwin has averaged 20.5 minutes, recording at least one offensive rebound in 18 of 19 contests played and is shooting 41% from 3-point range.

Goodwin, 26, participated in training camp with the Lakers but was limited to just one preseason appearance due to an injury. He was waived, joined the Lakers' G League outfit -- South Bay -- before rejoining Los Angeles on a two-way deal on Feb. 7.

In 19 NBA games this season, Goodwin is averaging 6.4 points, 3.9 rebounds and 1.4 assists while shooting 47% overall from the floor. Before his time with the Lakers, he spent parts of two seasons with the G League's Capital City Go-Go during the 2021-22 and 2022-23 seasons. 

The Lakers agreed to trade Reddish, along with sharpshooter Dalton Knecht, to Charlotte ahead of the February NBA trade deadline for Hornets big man Mark Williams. That deal fell through a short time later over questions surrounding Williams' health, and Reddish and Knecht returned to the Lakers.

Reddish appeared in 33 games this season, averaging 3.2 points and two rebounds.