The Milwaukee Bucks on Tuesday waived nine-time All-Star Damian Lillard, electing to stretch the final two years of his contract. In other words, Lillard's tenure in Milwaukee is finished but the Bucks will still be paying the remaining $113 million he's owed on the final two years of his contract over the next five seasons.

According to Eric Nehm, Sam Amick and Joe Vardon of The Athletic, the seven-time All-NBA pro saw the final two seasons and $113 million owed to him on his current deal stretched and waived by the Bucks. He will now make $22.5 million across the next five years not to play for Milwaukee.