Lakers waive forward Metta World Peace under amnesty provision 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. 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 Nick Young to a one-year deal worth $1.2 million. An occasional starter with Philadelphia last season, Young is penciled in to start for the Lakers at small forward after averaging 10.6 points in his only season with the 76ers. 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. But he tore cartilage in his left knee in March, returned after only 12 days and was unable to produce after that. World Peace has taken to Twitter this week, maintaining his sense of humor. He let the fans know that General Manager Mitch Kupchak had been in touch. He sent a series of odd tweets Wednesday, including this one: World Peace received at least one important endorsement earlier this week on Twitter. Bryant lamented the possible loss of his teammate and said: One thing the Lakers won't miss with World Peace: his annual brushes with the NBA discipline office. Lakers reach a deal with Nick Young Could Kobe Bryant take a minimum contract? The surreal Twitter feed of Metta World Peace