The LA Times reports that Brian Shaw, a cornerstone of recent Laker teams in his play and guidance, was waived Wednesday morning. Due to earn $1.9 million, with incentives to $2.25 million, Shaw was deemed too expensive by the Lakers, intent on staying beneath the NBA's luxury tax ceiling.

If Shaw goes unclaimed in the 48-hour waiver period, thus making him a free agent, the Lakers probably will offer him a contract for the veteran minimum of $1 million and ask him to return to his former role as reserve guard and de facto captain. "Hopefully, it's not a business move gone wrong," Shaquille O'Neal said. "We'll have to wait and see what happens. If it doesn't backfire, I won't have a lot to say. If it does backfire, I will have a lot to say."

Mitch Kupchak, who presented the news to Shaw, said the transaction was the cost to the organization of adding Mitch Richmond, Samaki Walker and Lindsey Hunter in the off-season.

The timing of the waiver request was carefully considered. For one, it allowed Shaw to participate in Tuesday's ring and banner ceremony, in uniform, with teammates who adore his easy nature and subtle skills. "That was definitely a consideration," Kupchak said.

For another, teams only recently pared their rosters to the NBA limit, 15 or less, including a maximum of three on the injured list. There are a lot of players looking for work, and most teams are dancing with the luxury tax, as the Lakers are.