AUGUST 4: Jennings has cleared waivers and is now a free agent, according to the RealGM transactions log.
AUGUST 1: The Bucks have waived reserve point guard Brandon Jennings, reports Shams Charania of Yahoo Sports. As noted previously, Jennings’ $2.22MM salary would have become guaranteed had he remained on the Bucks’ roster past today.
Jennings, 28, signed a two-year contract with the Bucks back in April after completing a couple of ten-day stints. His 2018/19 salary was initially set to become guaranteed if he remained under contract through July 1, but the Bucks pushed his guarantee date back one month to further assess their roster outlook before having to decide whether or not to retain Jennings’ services for the upcoming season.
Because the Bucks signed Jennings to a two-year deal last season, his cap hit to the Bucks for the 2018/19 season was set to be his actual salary of $2.22MM. But, when a player has been in the NBA for three or more seasons and is playing under a one-year, 10-day, or rest-of-season contract at the minimum salary, the team is only charged for the minimum salary of a player with two years of NBA experience.
Accordingly, Milwaukee very well may still decide to bring Jennings back on a new, one-year, minimum-salary contract at some point this offseason, which would end up saving the team about $710K in team salary and cap charges.
The No. 10 overall selection in the 2009 NBA Draft, Jennings has had a relatively successful NBA career so far, averaging 14.1 points and 5.7 assists per game in 555 career contests. However, he saw those numbers slip to 5.2 PPG and 3.1 APG during his 14 games with the Bucks last season.