Metta World Peace has decided to stick with the Lakers. Now, will the Lakers stick with Metta World Peace?

According to a team spokesman, the veteran forward informed the team (through his agent Marc Cornstein) on Tuesday that he intends not to opt out of the final year of his contract at $7.7 million.

Cornstein also confirmed his client's intentions to The Times.

The Lakers still have their one-time amnesty to cut a single player, a decision to be made between July 10 and July 16. As written in the NBA's 2011 collective bargaining agreement, an amnesty player still receives his salary but falls off a team's salary-cap and luxury-tax computations.

If the Lakers bring back free-agent center Dwight Howard at $20.5 million while maintaining the same $100-million payroll they had last season, the team would be on hook for approximately $72 million in luxury tax.

Removing World Peace from the equation via amnesty could save the Lakers about $24 million in tax. The 33-year-old averaged 12.4 points per game last season.