Hawks Waive Mike Dunleavy Jr.

4:10pm: The Hawks have formally waived Dunleavy Jr., Chris Vivlamore of the Atlanta Journal-Constitution tweets.

12:56pm: Mike Dunleavy Jr. appears likely to hit the free agent market in the coming days, reports Chris Vivlamore of The Atlanta Journal-Constitution (Twitter link). According to Vivlamore, indications are that the Hawks will waive Dunleavy before his 2017/18 salary becomes fully guaranteed.

Dunleavy is heading into the final year of his current contract, but his $5,175,000 salary is only partially guaranteed for $1,662,500, per Basketball Insiders. Atlanta would avoid being on the hook for the remaining $3.5MM+ by cutting Dunleavy before it becomes guaranteed on July 1.

Acquired by the Cavaliers in a trade last July, Dunleavy was subsequently flipped to the Hawks in a mid-season deal for Kyle Korver. In 30 games with Atlanta, the veteran swingman continued to show off his sharpshooting ability, making 42.9% of his three-point attempts, though his role with the club was limited.

Darren Wolfson of 5 Eyewitness News reported earlier today that Dunleavy is on the Timberwolves’ radar as a possible free agent addition. When a Twitter follower pointed out that the 36-year-old is still under contract, Wolfson replied, “Let’s just say he’s available.”