The Lakers waived F Brian Grant yesterday, taking advantage of a one-time provision to the NBA's new collective bargaining agreement that allows teams to save nearly $30 million in luxury tax penalties.

Grant was part of the trade that sent Shaquille O'Neal to the Heat last season. The Lakers acquired Grant, Lamar Odom, Caron Butler and a future first-round draft pick.

Grant was the Lakers' second-highest paid player after Kobe Bryant and still is owed $29.8 million on his contract.

He averaged a career-low 3.8 points and 3.7 rebounds last season while bothered by chronic tendinitis in his knees; the Lakers will have to pay nearly all of Grant's remaining contract, even if the 33-year-old player signs with another team as a free agent.

* FORMER TERP TO PACERS: Former European star Sarunas Jasikevicius, who played collegiately at Maryland, will sign with the Pacers today, his agent said.

Jasikevicius, a 6-foot-4 point guard from Lithuania, agreed to a three-year deal with the Pacers in July but couldn't sign the contract until the new six-year NBA collective bargaining agreement was finalized last week.

His agent, Doug Neustadt, said that Jasikevicius planned to be in Indianapolis to sign the contract and to attend a news conference at Conseco Fieldhouse. He earlier said the 29-year-old Jasikevicius, who helped Maccabi Tel Aviv win its second straight Euroleague title last season, turned down offers from Cleveland, Utah, Seattle and Portland.

-- From News Services