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This was an inevitability. Even if the Warriors had not sign-and-traded for D’Angelo Russell, a move which hard-capped the team at the $138.9 million apron this season, it was almost certain the team would waive Shaun Livingston, who, while due $7.692 million, was only guaranteed $2 million. By waive-and-stretching him, the Warriors will only pay Livingston $666,667 this year and each of the next two years.
According to Adrian Wojnarowski, that inevitability has finally manifested. Wojnarowski reported that the Warriors officially waived Livingston. While Livingston was reportedly strongly considering retirement, Wojnarowski reported that Livingston is “determined to continue playing.”
Sources: Warriors are waiving guard Shaun Livingston, who is guaranteed $2M of his $7.7M salary for season. Livingston, 33, is determined to continue playing and becomes one more valuable free agent candidate for contenders. He’s won three NBA titles and reached five Finals.
— Adrian Wojnarowski (@wojespn) July 10, 2019
As reported by Anthony Slater, the Warriors will use the waive-and-stretch provision to lessen the cap impact of the remaining $2 million he’s owed by the Warriors. The move was a necessity for the team, which must remain under the apron, and used that necessary space to sign both Eric Paschall and Willie Cauley-Stein.
Source: Warriors will stretch Shaun Livingston’s remaining $2 million, so it’ll cost them $666K (plus taxes) each of next three seasons.
— Anthony Slater (@anthonyVslater) July 10, 2019