http://www.espn.com/nba/story/_/id/20525755/milwaukee-bucks-plan-waive-center-spencer-hawes
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.