Sources - Bucks waive Damian Lillard, reach deal with Myles Turner - ESPN

The Milwaukee Bucks are waiving Damian Lillard and stretching the remaining $113 million on his contract in order to acquire Myles Turner, sources told ESPN on Tuesday.

Turner has agreed with the Bucks on a four-year, $107 million deal that includes a player option for Year 4 in 2028-29 and a full 15% trade kicker, sources told ESPN.

Lillard's two seasons in Milwaukee come to an end as the seven-time All-NBA guard rehabilitates a torn Achilles tendon after undergoing surgery in early May.

Lillard welcomed the release Tuesday and now will receive all of his $113 million owed, is able to rehab in Portland surrounded by his family and can choose his next destination on his own time.

By waiving Lillard prior to Aug. 29, the Bucks can use the «stretch provision» in the CBA while leaving their future draft assets untouched. For salary cap purposes, the Bucks can stretch his remaining two years to five — meaning they will pay $22.5 million per year. The stretched salary can't exceed 15% of the salary cap, which is currently $23.197 million.

Turner, the longest-tenured Pacers player at 10 seasons with the franchise, made it known he wished to remain in Indiana. Since the Pacers' Game 7 exit in the NBA Finals against the Oklahoma City Thunder, Turner's reps pushed to get a deal done. Ultimately, Indiana's aversion to the luxury tax, which grew after star guard Tyrese Haliburton's torn Achilles injury in the Finals, allowed the Bucks to acquire their new center.

Turner, 29, was a big part of the Pacers' success as the 6-foot-11 big man can capably space the floor and defend the rim. This season, he shot a career-best 39.6% from 3-point range while averaging 15.6 points, 6.5 rebounds and a team-best 2.0 blocks per game.

Tuesday's