The Milwaukee Bucks officially waived Damian Lillard, which cleared the way for the signing of free agent Myles Turner.

The Milwaukee Bucks on Tuesday waived nine-time All-Star Damian Lillard, electing to stretch the final two years of his contract. In other words, Lillard's tenure in Milwaukee is finished but the Bucks will still be paying the remaining $113 million he's owed on the final two years of his contract over the next five seasons.

Damian Lillard #0 of the Milwaukee Bucks dribbles the ball while being guarded by Andrew Nembhard #2 of the Indiana Pacers in the first quarter in Game Two of the Eastern Conference First Round NBA Playoffs at Gainbridge Fieldhouse on April 22, 2025 in Indianapolis, Indiana. (Photo by Andy Lyons/Getty Images) Getty Images