According to GM Mitch Kupchak, the Lakers have waived back-up point guard Chris Duhon tweets Lakers.com writer Mike Trudell.
Duhon signed a four-year $13.25MM contract in July of 2010 by way of the mid-level exception. The final year of his contract would have paid him $3.75MM.
By waiving the nine-year veteran out of Duke before midnight tomorrow night (June 30), the Lakers only have to pay him $1.5MM guaranteed, saving $2.25MM with the cut. Duhon now becomes an unrestricted free agent.