Bucks officially waive Damian Lillard, other point guard

The Bucks have officially waived point guards Damian Lillard and Vasilije Micic, according to the transaction log at NBA.com. Both moves had been anticipated as Milwaukee looked to clear the cap space necessary to sign free agent center Myles Turner to a four-year, $107MM contract.

Reports last Tuesday indicated that Lillard would have his remaining $112.6MM salary spread across five seasons instead of two using the stretch provision in order to create immediate cap relief for Milwaukee.

Lillard is expected to miss most or all of the 2025/26 season while he recovers from the torn Achilles he suffered during the first round of the playoffs in April. The nine-time All-Star has reportedly drawn interest already from many teams around the NBA, but hasn’t yet decided whether he’ll sign a new contract this offseason and is said to be in no rush to make that decision.

As for Micic, the expectation after he was acquired from Charlotte in exchange for Pat Connaughton and a pair of second-round picks was that he would agree to reduce his $8.1MM cap hit in order to become a free agent and generate a little extra cap space for the Bucks. According to Michael Scotto of HoopsHype (Twitter link), the two sides did reach an agreement on a buyout, though it’s unclear at this point how much of his salary Micic gave up.

Micic has played a pretty limited role in the NBA during the past couple seasons after starring in Europe for most of his career. In 101 total games for Oklahoma City, Charlotte, and Phoenix, he averaged 6.8 points and 3.9 assists in 19.4 minutes per contest.

Rumors in recent months have linked Micic to multiple EuroLeague teams — while it’s not clear exactly which one he’ll end up with, it seems likely that the 31-year-old Serbian will head back overseas to resume his playing career.

It appears both Lillard and Micic were technically placed on waivers on Sunday evening, as the NBA’s transaction log lists Turner’s deal as having gotten done last night. Still, if those cuts occurred after 4:00 pm Central time, neither player will officially clear waivers until Wednesday.