Jul 8, 2013, 9:31 PM EDT
With Dwight Howard in Houston, Kobe Bryant injured, Pau Gasol old and Steve Nash older, the shine has worn off Lakers’ once-promising starting lineup. So, no sense keeping the weak link of that unit just to keep up appearances.
The Lakers will amnesty Metta World Peace, according to Kevin Ding of the Orange County Register.
The NBA hasn’t yet officially set its luxury-tax line, and it’s not yet determined what other moves the Lakers will make, so it’s impossible to give an exact amount they’ll save by amnestying World Peace. Some estimates peg the Lakers’ savings as high as $30 million, but I believe the true number will be much lower.
The Collective Bargaining Agreement calls for a progressive tax rate, so if the Lakers had re-signed Howard, World Peace’s salary would have been taxed at a much higher rate. Without Howard, the Lakers will likely fall not far above the tax line, and amnestying World Peace might even get them below it.
For estimating purposes, let’s say the Lakers’ payroll is equal to the luxury-tax line without World Peace’s $7,727,280 contract. That would mean his entire salary, and only his salary, would be taxed. The first $5 million would be taxed at $1.50 per dollar – totaling $7..5 million. The other $2,727,280 would be taxed at $1.75 per dollar – totaling
In sum, by removing World Peace’s contract from their books, the Lakers would reduce their tax burden by $12,272,740 next season.
It’s more likely the actual number emerges as slightly higher than $12.3 million than slightly below $12.3 million, but that’s a decent estimate.
However, this discussion all amounts to more money for the Buss Family, even though they’ll have still to pay World Peace/
By amnestying World Peace, barring several other moves, the Lakers aren’t generating any cap room. At best, the most likely gain would be the ability to use the non-taxpayer mid-level exception ($5,150,000) rather than the taxpayer mid-level exception ($3,183,000).
But spending those extra couple million dollars might push the Lakers back over the luxury-tax line, which might not be so costly this season, but could be in future years. The Lakers should try avoiding the luxury tax this season, when their outlook is bleaker, so they delay triggering repeater penalties when they eventually assemble a better (read: more expensive) roster.
On the court, which is much less important here, the Lakers won’t really miss World Peace if they end up playing for lottery odds rather than a playoff berth – and they might not miss him much, anyway, if they’re trying to win as many games as possible, because he’s no longer a reliable starter. But with Earl Clark headed to Cleveland, the Lakers will need to add another small forward.
As for World Peace, he’ll go on the amnesty waiver wire. At 33, he’s clearly declining, and he might not fit in every locker room. But any contender with strong veteran leadership and cap room should at least enter a minimum-salary bid for him. At that price, he can’t really hurt.
Apr 16, 2014, 2:42 AM EDT
Chris Paul and J.J. Redick look good as Clippers ready for playoffs.
Apr 16, 2014, 12:40 AM EDT
Poor Evan Fournier is on the wrong end of a highlight that’s going to get shown a lot for a few days. At least.
Apr 15, 2014, 11:46 PM EDT
Video of one player executing a crossover that drops another player to the floor — you know you’re watching.
Apr 15, 2014, 10:31 PM EDT
Sick pass, monster slam.
Joe Johnson says he shouldn’t have been laughing on bench during blowout loss to Knicks earlier in season
Apr 15, 2014, 9:16 PM EDT
Joe Johnson says Jeff Van Gundy’s criticism of his behavior was spot-on.
Apr 15, 2014, 8:01 PM EDT
Mike D’Antoni had no idea how beating the Jazz on Monday would negatively impact his team’s Draft Lottery chances. And there’s absolutely nothing wrong with that.
Apr 15, 2014, 6:43 PM EDT
Anthony is out for the rest of the season but will not be surgery and will be good to go next season.
Apr 15, 2014, 5:31 PM EDT
Just 7-8 minutes before, Cedric Maxwell had stood next to one of the people killed in the Boston Marathon bombing, but he decided to go inside and get warm.
Apr 15, 2014, 4:41 PM EDT
With nothing on line Pacers going to rest key guys… except Hibbert.
Apr 15, 2014, 3:46 PM EDT
It’s not something you could ever prove (and the Nets may not even do it), but they could rest guys in hopes of falling into a first-round matchup with Toronto.
Apr 15, 2014, 2:59 PM EDT
Damian Lillard doesn’t want to end up like all those players without rings. The ones sitting in his living room.
Apr 15, 2014, 2:17 PM EDT
Two general managers make all three ballots, one tops each
Apr 15, 2014, 1:40 PM EDT
Award honors ‘outstanding service and dedication to the community’
Apr 15, 2014, 1:07 PM EDT
It was just a fender bender, the good news is nobody got hurt. However, Chandler Parsons was delayed getting to the Toyota Center for the Rockets game Monday when he got into an accident. And then the other driver found out who he was and… I will let Jonathan Feigen of the Houston Chronicle tell…
Apr 15, 2014, 12:30 PM EDT
And Burke is one of the best rookies in this class….
Carmelo Anthony questionable against Nets tonight, but not if Mike Woodson has anything to say about it
Apr 15, 2014, 11:44 AM EDT
Melo, a pending free agent, could be done playing for Knicks
Apr 15, 2014, 11:03 AM EDT
We know for sure the Pacers play the Hawks in the first round, and we know the Rockets and Blazers will meet. After that all the matchups are still up in the air.
Apr 15, 2014, 10:33 AM EDT
Knicks forward come become free agent this offseason
Apr 15, 2014, 9:55 AM EDT
Rockets guard known for defense, anyway, right?
Apr 15, 2014, 9:22 AM EDT
Noah’s good feelings end in 3, 2, 1…
- Tuesday NBA grades: Chris Paul looks playoff ready 0
- Carmelo Anthony has torn labrum, Knicks shut him down for season 13
- Celtics’ legend Cedric Maxwell stood in location of Boston Marathon bombing just minutes before 1
- 2014 PBT Awards: Executive of the Year 25
- Playoff Chase: We know all 16 teams going to dance, who dances with whom still up in air 13