Reports: Bucks near $13 million buyout with Larry Sanders
Update: Steve Kyler of Basketball Insiders:
Hearing the balance of Sanders payout will be stretched over seven years -- so the cap hit on Sanders should drop from $11m to $2.14m— Steve Kyler (@stevekylerNBA) February 18, 2015
The Bucks want to buyout Larry Sanders.
It seems they will.
Marc Stein of ESPN:
ESPN sources say that Milwaukee's buyout of big man Larry Sanders is all but done and sides' parting is soon to be made official— Marc Stein (@TheSteinLine) February 18, 2015
Shams Charania of RealGM:
Larry Sanders' buyout has been completed for days -- and he is expected to receive $13 million pay out on rest of $40M, source tells RealGM.— Shams Charania (@ShamsCharania) February 18, 2015
Sanders’ contract calls for him to make $11 million this season and each of the next three, though of some of this season’s salary was lost to suspension.
For the Bucks, this represents nice cap relief, and they could even create more short-term flexibility by stretching his payments.
As long as there are no snags and Sanders clears waivers by March 2, he could join a playoff roster this year. Of course, he’d have to want to play this season.