Police released former Suge Knight on $65,000 bail after charging the former Death Row Record Label CEO with assault with a deadly weapon. The arrest came after LAPD received a tip that Suge flashed his gat during what the cops call “an altercation.” The po-po surrounded Suge’s Cadillac Escalade with guns drawn early this morning. Suge’s lawyer, Marc Brumer, said the whole thing was a simple misunderstanding. Of some sort. “He’s innocent, 100 percent,” Brumer said in a phone interview. “Suge Knight is a businessman. He is not a person who would carry a gun or flash a gun at anybody. That’s not Suge Knight . . . There was never a gun found. He was very cooperative, answered all the questions police had, and we just feel that he shouldn’t have been arrested . . . There are a lot of people that hate (Knight) and are jealous of what he has obtained in his life.” Except the police attention, presumably. Then again, you can’t buy that kind of street cred. Can you?