The Los Angles Lakers waived veteran Metta World Peace via the NBA's amnesty provision Thursday, a cost-cutting move that could save them $15 million in luxury taxes.

After paying $30 million in luxury taxes last season, the Lakers are now $2 million over the tax threshold for next season.

Earlier Thursday, the Lakers signed former Philadelphia 76ers swingman Nick Young to a one-year, $1.2 million deal.

The Lakers still owe $7.7 million to World Peace, who averaged 12.4 points and 5.5 rebounds per game last season.

"For anyone who's had the opportunity to get to know him, it's impossible not to love him," general manager Mitch Kupchak said of World Peace.

  • Detroit president Joe Dumars confirmed Chauncey Billups and the team agreed to a two-year deal, the first season is guaranteed, for $2.5 million each year. Billups helped the Pistons win the NBA title in 2004. The five-time All-Star guard missed 122 games the last two seasons with the Los Angeles Clippers after tearing his Achilles tendon in early 2012.

  • A person with knowledge of the deal says Brooklyn agreed to a contract with Andrei Kirilenko. The source said the Russian accepted the mid-level exception worth $3.18 million. Kirilenko opted out of his $10.2 million deal for next season with Minnesota. The Nets are owned by Russian Mikhail Prokhorov.

  • The Minnesota Timberwolves and veteran power forward Ronny Turiaf have agreed to a two-year, $3.2 million contract.

  • Attorneys representing a man who said he was the victim of a "brutal and unjustified physical attack" by Scottie Pippen filed a $4 million lawsuit against the former All-Star in Los Angeles County Superior Court. L.A. county police continue to investigate the alleged assault on Camran Shafighi on June 23.

    NHL

    New Jersey forward Ilya Kovalchuk is retiring from the NHL and returning to Russia. The Devils said Kovalchuk, 30, had alerted general manager Lou Lamoriello earlier this year that he wanted to return home with his family after 11 NHL seasons. "Though I decided to return this past season, Lou was aware of my desire to go back home and have my family there with me," said Kovalchuk, who signed a $100 million, 15-year deal in 2010 with the Devils and had $77 million left on that contract.

  • Phoenix signed center Tim Kennedy, 27, to a one-year, two-way contract. Kennedy had two goals in 13 games with the Sharks last year, spending most of his time with AHL Worcester.

    Soccer

    A man who allegedly offered two Belize players money to fix a CONCACAF Gold Cup match against the United States has been identified by soccer officials and is believed to have tried to fix matches in other countries. Ian Gaynair and Woodrow West said they rejected the offer, made Sunday in Portland, Ore., and reported it. Belize lost to the U.S. 6-1 on Tuesday.

  • Fans in Chicago who paid $2,500 for tickets to Lionel Messi's charity game last weekend will be eligible for refunds after the star soccer player failed to show for a promised meet-and-greet after the game.

    The VIP package was to include the private session with the four-time world player of the year, on-field seating and signed memorabilia. But Messi exited the game in the 69th minute and left Soldier Field shortly after. Numero 5, which organized the event, says the early exit wasn't Messi's fault, blaming Soldier Field security personnel.

  • Gabriel Torres buried a penalty in the 85th minute, and Panama advanced to the quarterfinals of the Gold Cup with a 1-0 win over Martinique in Seattle.

    The Associated Press contributed to this report.