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Michael Redd to announce retirement Wednesday during Bucks-Cavaliers game

Former Bucks shooting guard Michael Redd finishes fourth in franchise history for points scored. (D. Lippitt/Einstein/Getty Images)

Former Bucks shooting guard Michael Redd finishes fourth all-time in franchise history for points scored. (D. Lippitt/Einstein/Getty Images)

Former Bucks All-Star and U.S. Olympic gold medalist Michael Redd will announce his retirement from the NBA on Wednesday during Milwaukee's home game against the Cleveland Cavaliers.

According to an announcement from the team Tuesday, the 34-year-old Redd, who battled chronic knee injuries throughout the latter years of his career, will make the announcement between the first and second quarters of the game.

In February 2002, Redd hit eight three-pointers in the fourth quarter against the Rockets, a record for most made in a single quarter. In November 2005, Redd set the Bucks' single-game scoring record with 57 points, topping the 55 points scored by former Bucks center Kareem Abdul Jabbar in a game in December 1971.

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In 2008, he helped Team USA win gold at the Beijing Olympics.

According to the Bucks, the 6'6" shooting-guard finishes his career in the franchise's top 10 across a number of categories:

points scored (4th – 11,554); scoring average (5th – 20.0 ppg); games (7th, 578); minutes (5th, 19,334); field goals made (7th, 4,063); field goals attempted (4th, 9,045); three-point field goals made (2nd, 1,003); three-point field goals attempted (1st, 2,619); three-point field goal percentage (8th, .383); free throws made (2nd, 2,425); free throws attempted (3rd, 2,887); and free throw percentage (10th, .840)

Redd is also regarded as one of the biggest sleepers in draft history. He was selected No. 43 by the Bucks in the second round of the 2000 draft. He spent 11 years in Milwaukee and played his last game in the NBA as a member of the Phoenix Suns in the 2011-2012 season.

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