According to Mark Medina of the Los Angeles Daily News, Earl Clark and the Lakers are currently in discussions and a deal is imminent.
"The Lakers have had ‘talks’ to sign forward Earl Clark this week, according to a league source familiar with the discussions. The deal is not finalized, but it’s believed to be a one-year deal worth $1 million. The Lakers could either wait until the NBA approves hardship exception to finish that deal. Or the Lakers could waive Henry, who is owed a guaranteed $1.1 million."
The NBA has already granted disabled player exceptions for injuries the Lakers have suffered. They were awarded $4.85 million for Nash, $1.5 million for Randle and are expected to receive $555,000 for Henry. It’s likely the Lakers will wait to receive their hardship exception.
There’s no real advantage to being hasty and pulling the trigger on any deal (unless it’s able to complete reverse the tide).