Lakers will reportedly amnesty Metta World Peace
World Peace was set to make close to $8 million next season, and despite a resurgence in production last year, his salary was still a bit more than he is worth at this point in his career. Dumping his salary along with the subsequent luxury tax the Lakers would have had to pay will reportedly save the team about $30 million.
Although MWP will turn 34 years old in November, he stated earlier in the offseason that he would like to play for six more seasons. He was able to increase his per game averages in points, rebounds, steals, field goal percentage, three-point percentage, and free throw percentage last season, so it appears that his game is not on as sharp a decline as it appeared a year ago, when he was coming off the worst season of his career.
Though he has lost much of his athleticism and quickness (which has in turn made him a less effective defender), World Peace still has something to contribute to an NBA team. He can shoot the three and is a physically intimidating presence on the defensive end of the floor. However, injuries are beginning to become a concern, and he should not be mistaken for the elite defender he once was. He's likely to latch on somewhere, but plenty of teams will be wary of signing him, especially to a multi-year deal.
As for the Lakers, they are currently rolling with extremely limited talent on the wing. With Kobe Bryant sidelined until the latter part of the season, the Lakers' only shooting guard or small forward under contract is three-point specialist Jodie Meeks.