T he Los Angeles Lakers waived 14-year veteran Metta World Peace under the NBA’s amnesty provision, which will save the team about $15 million in luxury tax. He was set to earn $7.7 million next season, which the Lakers still must pay. … The Atlanta Hawks, facing a decision with restricted free agent Jeff Teague, signed first-round draft pick (No. 17 overall) and point guard Dennis Schroeder from Germany. Teague signed a four-year, $32 million offer sheet with Milwaukee, and the Hawks have three days to match the offer. … The Detroit Pistons and Chauncey Billups agreed to a two-year deal — the first season is guaranteed — for $2.5 million a year. … The Denver Nuggets bolstered their frontcourt by signing free-agent forward J.J. Hickson to a three-year deal. … The Brooklyn Nets agreed to a contract with forward Andrei Kirilenko, who accepted the taxpayer’s mid-level exception worth about $3.2 million this season. The contract includes a player option for the second year.… The Los Angeles Clippers signed guard Reggie Bullock, the 25th overall pick in the first round of the NBA draft.