The NBA is giving the Milwaukee Bucks salary cap relief on Mirza Teletovic's contract, according to Shams Charania of The Athletic.
Sources on @TheAthleticNBA @WatchStadium: The NBA has granted the Milwaukee Bucks relief of Mirza Teletovic’s contract due to career-ending injury, removing $10.5 million on salary books.
— Shams Charania (@ShamsCharania) December 21, 2018
The Bucks had petitioned the NBA to clear the $10.5 million remaining on Mirza Teletovic's contract from the team's salary cap on November 7th, about five weeks prior from Friday afternoon.
At the time of Teletovic's injury, the Bucks applied for $3.5 million in annual cap relief in 2018-19, 2019-20 and 2020-21. The Bucks had used the waive and stretch provision to spread evenly the $10.5 million cap hit across three seasons.
Teletovic was forced to retire because of a life-threatening pulmonary condition. Teletovic underwent arthroscopic surgery on November lats year to repair cartilage in his left knee. The recovery from that surgery was supposed to sideline him to up to four weeks, but the symptoms of pulmonary emboli changed that plan entirely. Pulmonary emboli is an occurrence of blood clots in each of the lungs.
Teletovic retired in September and soon after became head of the Bosnian basketball federation.
By receiving the cap relief, the Bucks will reduce their luxury tax by a large margin.
Milwaukee's offseason will likely be tasked with adding more star talent around star Giannis Antetekounmpo. At the very least, they'll attempt to retain their wing Kris Middleton.
The Bucks are 21-9 on the season and are 2nd in the NBA's Eastern Conference. They are 12 games above .500 for the first time since the 2001-02 season.
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