After Chris Kaman agrees with LA Lakers, Lakers need to saving money by amnesty Metta World Peace.
Kevin Ding of the Orange Country Register is reporting
Sweet a guy as he is, @MettaWorldPeace will be waived via amnesty by Lakers to save about $30 million, barring some late change.
— KEVIN DING (@KevinDing) July 8, 2013
Removing Metta World Peace’s $7.7 million salary from the books saves the Lakers about $30 million, including luxury tax fees. Los Angeles Lakers plan to sign one for minimum salary or move Kobe Bryant to small forward.
Amnesty note: For the first five years of the NBA’s collective bargaining agreement, each team will be permitted to waive one of its player contracts that was in effect prior to the 2011-12 season and have 100 percent of the player’s salary removed from the team’s salary for salary cap and tax purposes.
The team must still pay the waived player and each team may use this provision only once over the life of the agreement.