Bucks Re-Sign Pete Nance To Two-Way Contract

Milwaukee had been carrying an open two-way slot for most of the offseason alongside Cormac Ryan and Kam Jones, so no corresponding move was necessary to make room for Nance. The team now has a full 18-man roster entering the regular season, with 15 players on standard contracts and three on two-way deals.

The brother of Pacers big man Larry Nance Jr., Pete appeared in 47 games for Milwaukee last season, averaging 5.4 points and 2.7 rebounds in 15.7 minutes per contest while making 51.5% of his shots from the floor, including 42.0% of his three-point tries.

The Bucks opted to waive Nance from his previous deal in July before his 2026/27 salary could become fully guaranteed, then re-signed him a few days later to a new two-year, minimum-salary contract.

Although the club hoped to retain him, he became one of the odd men out on a roster that featured 17 players on standard deals for 15 regular season spots. Milwaukee also cut guard Kevin Porter Jr. on Monday in order to get down to the 15-man limit in advance of opening night.

Nance has just three years of NBA service and didn’t receive more than $91K in guaranteed money from Milwaukee before being waived, so he remained eligible to sign a two-way contract with the team once he reached free agency. The Bucks were said to be concerned that the 26-year-old would have other suitors after being cut, but they were ultimately able to re-sign him several hours after he cleared waivers.

Nance will be eligible to appear in up to 50 regular season games for Milwaukee while on his two-way contract, which will pay him $678,882 if he’s not waived before the league-wide salary guarantee date in January.