With World Peace gone, the Lakers have nine players under contract for about $75 million. After paying almost $30 million in luxury taxes last season, the most in the NBA, they are now about $3 million over the tax threshold for next season.
Earlier Thursday, the Lakers signed
Teams that are under the salary cap will be able to submit an undisclosed bid to the NBA to acquire World Peace. If the highest bidder offers $3 million, he goes to that team next season and the Lakers use that money to offset the $7.7 million they still owe him.
After averaging a career-low 7.7 points in 2011-12, World Peace improved under Coach Mike D'Antoni's system last season, averaging 12.4 points.
But he tore cartilage in his left knee in March, returned after only 12 days and was unable to produce after that. He averaged only six points and shot 25% in the playoffs.
World Peace has taken to
He sent a series of odd tweets Wednesday, including this one:
World Peace received at least one important endorsement earlier this week on Twitter.
One thing the Lakers won't miss with World Peace: his annual brushes with the NBA discipline office.
He was suspended seven games after elbowing
Last season, World Peace was hit with a one-game penalty after striking Detroit guard
Only three other Lakers were eligible to be cut via amnesty because they were on the roster when the provision was installed in 2011: Bryant ($30.5 million next season), Gasol ($19.3 million) and