In order to maneuver below the luxury-tax threshold, the Milwaukee Bucks waived 7-footer Spencer Hawes.
The Bucks can use the stretch provision to unfold the balance of Hawes’ $6.2 million earnings this season over 3 years, economical the franchise the total salary-cap hit this year.
Hawes, 29, was listed to Milwaukee during a February cope with Charlotte. Once Hawes clears waivers, he can become an unrestricted free agent.
Hawes has averaged 8.7 points and 5.7 rebounds in 10 NBA seasons, together with stops with Sacramento, Philadelphia, Cleveland, the LA Clippers, Charlotte and Milwaukee.
The Bucks are currently $2.5 million underneath the tax threshold with thirteen secure contracts.