The Los Angeles Lakers do not plan to use the amnesty stretch provision on guard Steve Nash that would have allowed the team to spread the $9.7 million owed to him next season over the next three years of their salary cap, according to a report from Mike Bresnahan of the Los Angeles Times.
The Lakers were planning on to use the provision but then the team was unable to re-sign center Pau Gasol and try and convince Carmelo Anthony to come and play in LA alongside with Kobe Bryant. Gasol signed with the Chicago Bulls. Nash is currently the oldest player on the team, being 40 years old. Nash will possibly play a backup role to Jeremy Lin, who was traded by the Rockets to the Lakers in July, but who knows. Nash missed a total of 16 games last season.
Nash has also hinted that he will retire after this season:
“I think this is my last season,” said the 40-year-old Nash in a video posted by Sport TV. "But I still love to play, practice and work on my game. I’m going to spend hopefully many many years living this life without basketball. It’ll be nice to play one more year.”