Lakers waive forward Metta World Peace
JUL 11, 2013 4:49p ET
Mitch Called me first.. Thanks
I'm going to play for Yao Mings team in china! I can't wait to arrive in Shanghai !!— Metta World Peace (@MettaWorldPeace) July 11, 2013
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 with the 76ers last season.
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.
A 14-year NBA veteran, World Peace averaged 12.4 points and 5.0 rebounds in 75 games last season. Prior to joining the Lakers in 2009, he played with the Rockets, Kings, Pacers and Bulls.