6:23pm: The Spurs announced that Bullock has been waived, McDonald tweets.
4:09pm: The Spurs and veteran swingman Reggie Bullock have reached an agreement on a contract buyout, tweets Shams Charania of The Athletic. Several contending teams are expected to pursue Bullock once he clears waivers, Charania adds.
There’s no word on how much money Bullock gave up in the buyout, but he had one year remaining on his contract at $10.5MM.
There was speculation that Bullock might be competing for a roster spot with Cedi Osman, who was acquired from the Cavaliers during the offseason, according to Jeff McDonald of The San Antonio Express-News. Bullock’s departure seems to increase Osman’s chances of staying with the team, McDonald adds.
San Antonio acquired Bullock in July as part of the three-team deal that sent Grant Williams from Boston to Dallas. The Spurs also received the option to swap first-round picks with the Mavericks in 2030. Because of the trade, Dallas is the only team that won’t be eligible to sign Bullock once he becomes a free agent.
Bullock, 32, spent the past two seasons with Dallas, serving as a part-time starter. His scoring average fell to 7.2 PPG last season, the lowest since 2018/19, but he still shot 38% from three-point range. It’s his ability to stretch defenses that will make him popular on the open market.
The Spurs were Bullock’s seventh team in his 10 NBA seasons. The Clippers made him the 25th overall pick in 2015, but the only place he stayed for more than two years was Detroit.
The move eases the roster crunch for San Antonio, which has 16 players remaining on guaranteed contracts. At least one of them will have to be waived or traded before opening night.