Peace out: Lakers waive forward Metta World Peace under amnesty provision Published: July 11, 2013

The Lakers waived Metta World Peace via the NBA's so-called amnesty provision Thursday, a cost-cutting move that could save them about $15 million in luxury taxes, according to the Los Angeles Times.

When Dwight Howard bolted for Houston last week as a free agent, it ensured a roster spot for Pau Gasol but immediately put World Peace, 33, in jeopardy.

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.

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