Los Angeles Lakers waive Metta World Peace

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EL SEGUNDO, Calif. — It’s Peace out for the Los Angeles Lakers.

They waived Metta World Peace under the NBA’s amnesty provision, which will save the team about $15 million in luxury tax. He was set to earn $7.7 million next season, which the Lakers still must pay.

He averaged 12.4 points and 5.0 rebounds in 75 games last season, having joined the Lakers in 2009. The 33-year-old tore knee cartilage in March and clearly wasn’t the same player afterward.

The former Ron Artest legally changed his name during his tenure with the team.

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