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Bucks to waive center Spencer Hawes to avoid luxury-tax liability
In order to move beneath the luxury-tax threshold, the Milwaukee Bucks plan to waive 7-footer Spencer Hawes, league sources told ESPN.
The Bucks will use the stretch provision to spread the balance of Hawes' $6.2 million salary this season over three years, sparing the franchise the full salary-cap hit this year.
Hawes, 29, was traded to Milwaukee in a February deal with Charlotte. Once Hawes clears waivers, he will become an unrestricted free agent.
Hawes has averaged 8.7 points and 5.7 rebounds in 10 NBA seasons, including stops with Sacramento, Philadelphia, Cleveland, the LA Clippers, Charlotte and Milwaukee.
NBA.com was the first to report the Bucks' plans.
The Bucks will use the stretch provision to spread the balance of Hawes' $6.2 million salary this season over three years, sparing the franchise the full salary-cap hit this year.
Hawes, 29, was traded to Milwaukee in a February deal with Charlotte. Once Hawes clears waivers, he will become an unrestricted free agent.
Hawes has averaged 8.7 points and 5.7 rebounds in 10 NBA seasons, including stops with Sacramento, Philadelphia, Cleveland, the LA Clippers, Charlotte and Milwaukee.
NBA.com was the first to report the Bucks' plans.