Steve Nash's tenure with the Los Angeles Lakers is officially over.

The team announced Wednesday that it formally waived the two-time MVP point guard, making room on the roster to sign rookie guard Jabari Brown for the remainder of this season with the possibility that the Lakers keep him around next season as well.

The Lakers formally waived point guard Steve Nash on Wednesday. Harry How/Getty Images

During a pair of 10-day contracts with the Lakers, the second of which expired Monday, Brown appeared in 10 games, averaging 9.4 points on 50 percent shooting in 24.5 minutes per game.

Brown's best NBA performance was a 22-point outburst on 7-of-10 shooting Monday in an overtime win against the Philadelphia 76ers. Brown played at Missouri with fellow Lakers rookie Jordan Clarkson.

As for Nash, the future Hall of Famer formally announced his retirement last week after nearly 19 seasons in the NBA. His tenure in Los Angeles was mostly miserable.

Plagued by injuries, Nash played in in just 65 out of a potential 246 games throughout the three-year, $28 million deal.

The Lakers gave Nash that deal in 2012, mortgaging their future by shipping four draft picks to Phoenix despite Nash having suffered health troubles late in his tenure with the Suns.