World Peace met with Lakers general manager Mitch Kupchak on Friday and said there were no hard feelings.
"It was an extra $24 million that was going to have to come from a family-owned business," World Peace said, referring to the approximate total of what it would cost the Lakers to pay his salary, plus luxury taxes in 2013-14, if they did not waive him.
"I'm really close with the [Buss] family, so I would not want the family-owned business to have to come out of pocket like that. So, I definitely supported the decision."
Lakers coach Mike D'Antoni said Friday that decision to use the amnesty provision on World Peace was solely financial.
"Obviously it's a byproduct of the CBA,'' D'Antoni told the New York Post. "As a person and player, I couldn't find anyone better. He's great. I enjoyed coaching him. I hope he finds something great. He deserves it. It's not the coaches. It's management. They have to manage the cap.''
World Peace said when he heard rumors earlier in the week that he would be waived, he reached out to Kupchak immediately with an alternative plan to keep him in L.A.
"I said, 'Mitch, I want to come back and coach this year,' " World Peace said. "That was the first thing I texted Mitch. I said, 'Don't worry about it.' I said, 'I understand what you have to do and I would love to help the young guys. I want to coach. I want to help y'all win a championship.' "