Metta World Peace to the New York Knicks, Lakers gain slight savings - Los Angeles Times
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Metta World Peace to the New York Knicks, Lakers gain slight savings

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It didn’t take long for Metta World Peace to find a new home. On Monday, World Peace agreed to join the New York Knicks on a two-year deal worth $3.3 million.

The veteran forward specifically will make $1,591,650 for the coming season.

The Lakers cut World Peace on Thursday, using their one-time amnesty to remove his contract from the team’s salary cap and luxury tax computation -- saving the team about $15 million.

By the complex rules of the NBA’s collective bargaining agreement, World Peace signing with the Knicks will reduce the amount the Lakers still owe ($7,727,280) by about $401,389.

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For the coming year, World Peace will now receive $7.3 million from the Lakers and the $1.6 million from New York for a total of $8.9 million.

The opportunity to play for more money in his home-town New York probably took away some of the sting after the Lakers let World Peace go after four seasons (including an NBA title in 2010).

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Email Eric Pincus at [email protected] and follow him on Twitter @EricPincus.

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