The Los Angeles Lakers made the expected official and used the amnesty provision on veteran forward Metta World Peace. Lakers general manager Mitch Kupchak says it’s tough to say goodbye to a player such as Metta, USA Today reported.
The Lakers must pay the remainder of his salary but the remainder of his $7.7 million salary in 2013-14 will not count against the salary cap. Because the Lakers are already over the luxury tax for next season, the decision to waive World Peace with the amnesty clause will also reduce the Lakers’ tax bill.
“It’s tough to say goodbye to a player such as Metta, who has been a significant part of our team the past four seasons. For anyone who’s had the opportunity to get to know him, it’s impossible not to love him,” Lakers general manager Mitch Kupchak said in a statement.
“He has made many contributions to this organization, both in his community work as well as in our games; perhaps no more so than in his clutch play in Game 7 of the 2010 NBA Finals in helping to lead us over the Celtics in one of the greatest playoff wins in Lakers history. We thank Metta for all his contributions and wish him the best of luck in the future.”
Since the Lakers already are over the luxury tax for next season, the decision to waive World Peace will reduce their tax bill by more than $10 million.