JULY 25: The Bucks have officially signed Korver, the team announced today in a press release.
Korver will get the veteran’s minimum of $2.6MM on the one-year deal but Milwaukee will only take a $1.6MM cap hit, as Bobby Marks of ESPN tweets.
Korver was waived by the Suns on July 8. He temporarily wound up with rebuilding Phoenix after being traded by the Jazz and Grizzlies this offseason. The Suns will receive a $559K set-off on the $3.44MM they owe Korver after placing him on waivers, Marks notes. Korver had a $7.5MM contract for next season but only the portion the Suns owe was guaranteed.
Korver averaged 8.6 PPG on .416/.397/.822 shooting in 70 games (19.1 MPG) last season for the Cavaliers and Jazz. A June report indicated that the 38-year-old – who is a career 42.9% three-point shooter – was expected to play for at least one more year.
Photo courtesy of USA Today Sports Images.