Milwaukee Bucks reportedly waive Spencer Hawes

The Milwaukee Bucks have waived center Spencer Hawes in order to move beneath the luxury-tax threshold, according to ESPN's Adrian Wojnarowski.

Per Wojnarowski, the Bucks will use the stretch provision to spread the balance of Hawes' $6.2 million salary this season over three years.

Hawes started last season with the Charlotte Hornets before being traded to Milwaukee in February for center Miles Plumlee.