Milwaukee Bucks officially release backup point guard
Micic was brought from the Hornets to the Bucks as part of the trade that sent Pat Connaughton and two second-round picks to Charlotte. Now, he'll be a free agent.
Advertisement
In the aftermath of the buyout, Micic has surveyed his options overseas rather than continue to pursue an NBA career. Micic previously played in the EuroLeague from 2014-23, averaging 13.8 points, 2.4 assists and 4.8 rebounds per game before venturing into NBA.
In the NBA, after initially landing with the Oklahoma City Thunder — and not being part of the rotation — Micic landed with the Charlotte Hornets, where over the next season and a half he averaged 9.0 points and 4.7 assists per game in 66 appearances (37 starts).
Per The Athletic's Eric Nehm, the decision was made in connection to the team waiving Damian Lillard in an effort to reduce the Bucks' cap hit for next season.
'As part of a buyout, Micić agreed to give back $6.1 million, which shrunk the Bucks' cap hit on his contract from $8.1 million to only $2 million,' Nehm said. ' That move enables the Bucks to stretch the contracts of both Lillard and Micić and avoid crossing over the stretched money threshold laid out in the NBA's collective bargaining agreement. No team is allowed to have more than 15 percent of its salary cap taken up by stretched money, and those two moves would help the Bucks avoid that next season.'
The Bucks will now look to get busy on the market after the financial gymnastics they've done as they try to build a contender while Giannis Antetokounmpo is still in town.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
USA Today
a few seconds ago
- USA Today
Victor Wembanyama may want the NBA to distance itself from Karl Malone
San Antonio Spurs star Victor Wembanyama made a very noteworthy decision on social media Friday afternoon and it could make waves around the NBA. Wembanyama, who is currently recovering from a blood clot that sidelined him for the second half of last season, was recently cleared to return from his injury. He caught some attention based on some of his social media activity this week. The NBA made a post wishing a happy birthday to former NBA star Karl Malone. Here is what we wrote in 2023 regarding allegations that Malone impregnated his 13-year-old neighbor when he was 20: Blood tests showed a 99.3 percent probability Malone was the father of Demetress Bell, per AP. The family could have filed criminal charges against Malone for impregnating a minor because, in Louisiana, an individual could not consent to sex until the age of 17. While statutory rape could have carried a sentence of up to 10 years in prison, Malone was a 'neighborhood kid', so they didn't press charges. His actions are absolutely heinous and should make it hard for the NBA to look themselves in the mirror after honoring this man two years in a row. But the story doesn't stop there for Malone and his awful shortcomings. When the child's grandparents filed a lawsuit in 1985 requesting $200 a week to help their daughter raise their son, Malone did not respond, despite his career earnings topping $104 million. He was ordered to pay $125 per week in child support, but he appealed, eventually reaching a settlement that did not require him to acknowledge that he was the father. It seems more than possible that Wembanyama is aware of the history surrounding Malone. More: The NBA should be ashamed for honoring Karl Malone during All-Star Weekend He reposted DJ J. Strand reacting to the birthday wishes with a meme video of content creator Lil Rodney Son saying "Oh no, see, that's what we not about to do." Also in the video responding to the post about Malone, Lil Rodney Son is on camera saying someone belongs "under the jail" for their actions. To be fair, we don't know exactly why Wembanyama chose to repost this. Remember: Reposts do not equal endorsements (which is now officially the case, as decided by a judge) so unless Wembanyama directly says something about the matter, we do not know his feelings. But many, including Complex, are speculating that Wemby would like the league to distance itself from Malone. Even this, though, is more than most (if not all) prominent basketball players have said about this difficult topic. So perhaps just the speculation that the rising star wants no part of Malone is enough for the NBA to listen.
Gizmodo
a few seconds ago
- Gizmodo
The Meme Stocks Are Back and May Have Found Their New ‘Roaring Kitty'
It seems meme stocks are back, and this time, the latest craze was sparked—somewhat accidentally—by a Canadian hedge fund manager named Eric Jackson. About three weeks ago, Jackson's firm, EMJ Capital, bought shares of Opendoor Technologies, a San Francisco–based company that buys and sells homes online, at around $0.70 apiece. Since then, the company's share price has skyrocketed over 600% to an intraday high of almost $5 on July 21. Today, it's trading at about $2.40, still a roughly 250% gain from just weeks ago. 'I think Opendoor is a real business,' Jackson told Bloomberg in an interview. 'I never expected it to be called a meme stock.' Meme stocks are shares of struggling or heavily shorted companies that surge in price thanks to hype on social media platforms like Reddit and X (formerly Twitter), often with little connection to the company's financials. The phenomenon first took off in early 2021, when retail traders famously drove up shares of GameStop and AMC in a movement led by Keith Gill, a YouTuber and investor better known as 'Roaring Kitty.' Now, Jackson is unexpectedly being pulled into that same world. Bloomberg reports that his face is already being photoshopped onto images of Roaring Kitty. Jackson first gained prominence in 2015 with a 99-page presentation to Yahoo's board, urging the company to replace then–CEO Marissa Mayer over mismanagement. Mayer eventually stepped down herself in 2017 after Verizon bought the company. Ten years later, Jackson is back in the spotlight after posting a series of takes on Opendoor on the social media network X (formerly Twitter). He laid out why he thinks the company's stock could hit $82 by 2028, and even called it a potential 'hundred bagger,' a stock that could grow to be 100 times more valuable than when it was initially purchased. Jackson says that he's received 600 calls and emails in the past three weeks from investors eager to hear about his other investment ideas. Other stocks in Jackson's portfolio have caught meme status too, like crypto-related firms Iren and Cipher Mining. Iren's shares are up 49% this month, while Cipher has surged 65%. The meme stock mania doesn't stop there. Companies unrelated to Jackson are getting swept up in the hype, too. At the time of writing, Kohl's is up 58% this month, GoPro has jumped 78%, and Krispy Kreme has climbed 67%, as retail investors pile into beaten-down stocks hoping for a big payout.
Forbes
2 minutes ago
- Forbes
New York Yankees Add 3B Ryan McMahon To Address Pressing Need
Ryan McMahon can look forward to a pennant race after joining the New York Yankees on Friday. (AP ... More Photo/David Zalubowski) Copyright 2025 The Associated Press. All rights reserved. The New York Yankees stepped decisively into the trade deadline swap meet when they acquired two-way third baseman Ryan McMahon from the Colorado Rockies on Friday. The move addresses multiple needs for the Yankees, cementing the third base position on both sides of the ball while adding another left-handed bat to a Yankee Stadium that is built for left-handed hitters with its 314-foot porch down the right-field line. The Yankees also were able to keep the major league roster basically intact for the stretch run without raiding the top of their farm system, where Spencer Jones and George Lombard Jr. reside. They are sending pitching prospects Griffin Herring and Josh Grosz to the Rockies. New York, the 2024 American League champion, entered the weekend 4 1/2 games behind the Toronto Blue Jays in the AL East. They held a two-game lead over Seattle and a 2 1/2 game lead over Boston for the first wild card. While major league RBI leader Eugenio Suarez is the top third baseman on the market, the Arizona Diamondbacks' expectedly high asking price led the Yankees to McMahon, who was considered the No. 2 third baseman available because of the Rockies' desire to restructure after a disastrous 2025. McMahon has two years remaining on a six-year, $70 million contract extension he signed before the 2022 season that bought out the final two years of arbitration and three years of free agency. The Yankees, who have a $295 million payroll this season, will owe McMahon about $4.2 million of his prorated 2025 salary and $16 million in both 2026 and 2027. McMahon, 30, profiles as the Yankees' answer at third base for the length of his contract, anchoring a position that has been unstable since Miguel Andujar played 132 games there in 2018. The Yankees have tried five third basemen this season, with Oswald Peraza (33) Oswaldo Cabrera (30) and Jazz Chisholm (28) getting most of the work. As a group, they are hitting .214 with a .354 slugging percentage and a .645 OPS, the last two numbers the worst on the team. Chisholm was acquired in a deadline move last season to play third, but his best infield position is considered second, when he has spent most of the season. Chisholm returned to second when DJ LeMahieu was released before the All-Star break, leaving a gaping opening at third. The Yankees took short look at minor leaguer Jorbit Vivas after the break before deciding they had to make a change. McMahon has three home runs in six games after the All-Star and is on pace for his fifth straight 20-homer season, which would be he sixth of a career all spent with the Rockies. McMahon also has been among the premier defenders at third since taking over full-time in Colorado 2021, after Nolan Arenado was traded to St. Louis as the Rockies' looked to get from under another long-term contract. He was plus-12 in defensive runs saved among major league third baseman in 2024, according to FanGraphs, and is plus-four this season. He is plus-64 in his major league career. McMahon has one homer in a six-game sample size at Yankee Stadium. How do the Colorado Rockies benefit? Rockies co-owner Charlie Monfort told the Denver Post in late June that 'I think we need a new set of eyeballs' at the top levels of the organization as they play out what will be a third straight 100-loss season. Part of that includes freeing money, and McMahon was the second-highest player on the roster. Kris Bryant still has three years remaining on his six-year, $182 million free agent deal signed in 2022, but back issues have limited him to 11 games this season and threaten to end his career. The Rockies have never been afraid to spend, but their choices have not always worked out, often for health reasons. Starter German Marquez, in the final year of a two-year, $20 million extension, is on the disabled list again this season after spending much of 2024 out after Tommy John surgery. Starter Antonio Senzatela, in the third of year a five-year, $50 million extension, has a major league-high 13 losses. Shortstop Ezequiel Tovar signed a seven-year, $63.5 million extension this spring after a breakout 2024, but he played only 37 games because of a left hip and contusion and a left oblique strain. The Rockies, always in the market for controllable pitching because it is difficult to lure free agent starters to Coors Field, and newcomer Herring is having a good season at two Class A levels going 7-3 with a 1.71 ERA in 16 starts. Her was the Yankees' No. 8 prospect at the time of the deal, according to The Yankees signed him to a well-over-slot $797,500 bonus after picking him in the sixth round of the 2024 draft. Grosz was ranked as the Yankees' No. 21 prospect.
