Nick Young’s Lakers contract is for two years with player option

Nick Young’s stay with the Lakers may be for longer than one season.

The guard/forward’s contract, signed Thursday, is a two-year, $2.3-million deal at the veteran’s minimum with a player option in the second season.

Initially reported as a one-year deal, Young will earn $1,106,942 for the 2013/14 season and $1,227,985 if he decides to stay a second.

A Lakers’ spokesman confirmed that Young’s deal is for two years. Guard/forward Wesley Johnson, signed Monday for $916,099, has a one-season contract.

The NBA reimburses teams for players on one-year, minimum deals for any amount over $884,293 (this season’s minimum rate for a player with two years’ experience).

For Young at two years, the Lakers will be charged for the full $1.1 million against their cap and tax. Johnson will count as $884,293.

The Lakers should have 11 players under contract once Jordan Farmar is freed from his deal with Turkish club Anadolu Efes. The Lakers are also expected to sign second-round draft pick Ryan Kelly (48th) at a rookie minimum

With Farmar and Kelly, the team salary will be at $76,927,736, with about $7.8 million in luxury tax. The Lakers will still need to add at least one more player to hit the league’s roster minimum of 13. The maximum for opening night is 15.

Should Young decide to stay with the Lakers next year, the team projects to have $11,844,228 in salary dedicated to three players (Steve Nash, Robert Sacre and Young).

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Email Eric Pincus at eric.pincus@gmail.com and follow him on Twitter @EricPincus.