Bucks to waive veteran point guard Hill

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The Milwaukee Bucks intend to waive veteran point guard George Hill, making him an unrestricted free agent, according to Shams Charania of Stadium.

Hill was due to make $18 million next season -- but will only receive $1 million if released before Monday. The possibility exists that the Bucks could re-sign Hill, Charania noted.

The Bucks currently project to have about $13 million in cap room, per HoopsRumors, and will use it in attempt to sign their own free agents -- Khris Middleton, Brook Lopez and Malcolm Brogdon. All three played vital roles in the Bucks compiling the league's best regular-season record.

Hill was acquired in a trade with the Cleveland Cavaliers early in the season and came on strong in the playoffs, when the Bucks advanced to the Eastern Conference Finals despite the absence of an injured Brogdon.

Hill averaged 11.5 points and 3.5 rebounds in 15 playoff games.

The Chicago Bulls are one of the teams that are expected to be interested in Hill when he hits free agency, according to K.C. Johnson of the Chicago Tribune.