Randle's wife, Kendra, broke the news via Twitter.
A person with knowledge of the situation says Rondo has agreed to sign a one-year contract with the Los Angeles Lakers.
The move comes a day after the blockbuster deal that landed LeBron James with the Lakers. The four-time All-Star and three-time National Basketball Association assist leader will follow JaVale McGee, Lance Stephenson, Kentavious Caldwell-Pope and, of course, James among the Lakers' new recruits. ESPN's Adrian Wojnarowski was the first to report the news.
Rondo gives the Lakers experience at point guard, where the Lakers relied on Ball, and even Ingram when Ball was injured.
With the Lakers drafting 7-foot MI center Mo Wagner in addition to bringing in James, Randle was likely to find his role further reduced on a revamped Lakers team.
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The 32-year-old averaged 8.3 points, 8.2 assists, 4 rebounds and 1.1 steals in 63 regular season games. The Lakers added Rondo's quick hands and length, Stephenson's aggressive defense, McGee's length and shot-blocking ability and brought back one of their best defenders from previous year in Caldwell-Pope. He also has played for the Boston Celtics, Dallas Mavericks, Sacramento Kings and Chicago Bulls.
A Randle-Davis pairing will work similar to the Cousins-Davis pairing last season.
If recent Los Angeles Lakers rumors are true, Julius Randle's time with the Los Angeles Lakers has come to an end. The free-agent class of 2019 is projected to be deeper and more talented than this one (Kawhi Leonard, Jimmy Butler, Klay Thompson, Karl-Anthony Towns and possibly Kevin Durant if he opts out of his existing deal), with the exception of James, of course. The Lakers did not reach the playoffs during his four seasons. DeMarcus Cousins, who started 48 games for the Pelicans last year before a season-ending torn Achilles, reportedly joined the Golden State Warriors on a one-year pact later Monday.
By renouncing their rights to Randle, the Lakers parted ways with their longest-tenured player.