In a large monetary transfer, the Milwaukee Bucks are waiving Damian Lillard and stretching his remaining $112.6 million contract throughout 5 seasons. This clears over $30 million in cap house to finalize a four-year, $107 million take care of free agent heart Myles Turner, in line with ESPN’s Shams Charania.
Although it’s a surprising headline, Lillard’s damage standing performed a significant position. The 34-year-old All-Star, who averaged 24.9 factors and seven.1 assists final season, tore his Achilles in the course of the playoffs and is anticipated to overlook most, if not all, of the 2025–26 season.
Stretching his deal means Milwaukee will take a $22.5 million cap hit yearly as an alternative of paying him $54.1 million this 12 months and $58.4 million subsequent 12 months.
“That is the biggest waive-and-stretch in NBA historical past,” famous ESPN’s Bobby Marks.
NBA guidelines permit the stretch provided that the cap hit is beneath 15% of the season’s wage cap—Lillard’s $22.5 million qualifies.
Lillard can’t re-sign with Milwaukee till his authentic contract expires in 2027.
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