Monday, July 8, 2013
Lakers sign Chris Kaman, amnesty Metta World Peace
The Lakers had a busy day today as they continue to move on from the wreckage of our latest "Dwightmare."
First, reports surfaced that the team had agreed to a deal with free agent big man Chris Kaman. The former Clipper returns to Los Angeles to help fill the void left by Dwight Howard.
With Kaman in the fold there was some thought that the Lakers could amnesty Pau Gasol, who is owed more than $16 million this season in the final year of his contract. Instead, Los Angeles will amnesty Metta World Peace, ending the former Ron Artest's Lakers tenure. Even though World Peace is only (only?) owed $7.7 million in the one year remaining on his deal, the Lakers will actually save about $30 million thanks to the new CBA and luxury tax penalties they would have incurred.
World Peace will now go through the waivers process, with the highest bidding team getting his rights and the Lakers on the hook for the rest of the $7.7 million. If no one claims World Peace, he'll be free to sign with any team he chooses. Teams over the salary cap can only sign amnestied players if they clear waivers and will accept the veteran's minimum.
Even though he has declined in recent years, World Peace is still a great defender. Plenty of teams will be interested in his services, especially coming at a reduced rate thanks to the new CBA's amnesty clause.