Thursday marks the final day in which NBA teams can elect to use the stretch provision on guaranteed contracts of players they have decided to waive. According to a report by David Aldridge of NBA.com, the Milwaukee Bucks have elected to use that provision on the final season of center Spencer Hawes‘ contract.
Aldridge also reported that the New Orleans Pelicans will not use the stretch provision on center Omer Asik’s contract.
Hawes had a cap hit of $6,021,175 as a result of that decision, but the Bucks can now spread that money out to get a little more cap room. Also, using the stretch provision gets Milwaukee under the luxury tax threshold.
A 7-foot-1 center who was selected with the 10th overall pick in the 2007 NBA Draft by the Sacramento Kings, Spencer Hawes averaged 4.4 points and 2.4 rebounds in nine minutes per game with the Bucks. Hawes played in just 19 regular-season games for Milwaukee last season, and his playing time dropped down to 5.7 minutes per contest during the team’s first-round playoff series.
As for the aforementioned Asik, the Pelicans’ decision to not use the stretch provision is an interesting one given how much money remains on his contract. Signed to a five-year contract worth just under $58 million in 2015, Asik has a cap number of $10,595,505 in 2017-18 and $11,286,516 in 2018-19.
Asik played in just 31 games last season, starting 19, averaging 2.7 points and 5.3 rebounds per contest. Asik missed time due to injury, and with the acquisition of DeMarcus Cousins at the trade deadline there were even fewer minutes available to him in the front court.