According to the OC Register’s Kevin Ding, the Lakers plan on using their one-time amnesty provision on small forward Metta World Peace:
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
This comes as little surprise, considering the Lakers’ current financial situation for next season.
With the new “repeater luxury tax” penalizing tax-paying teams, the Lakers’ decision to amnesty World Peace is purely financial.
Even with Dwight Howard bolting to Houston and the inevitable use of the amnesty clause, saving the Lakers about $14.355 million in payroll, the Lakers will still be over the 2013-14 NBA salary cap.
As reported today, the Lakers have agreed to use their taxpayer’s mid-level exception in signing free agent center Chris Kaman, which leaves them with only veteran minimum contracts to fill out the rest of the roster.
One option in filling World Peace’s void is simply moving Kobe Bryant to the small forward position.
The Lakers, however, have also been rumored as having interest in a few free agent wing players.
Stay tuned for official word on the Lakers using their amnesty provision, as the NBA amnesty period runs from July 11 through July 17 of this year.