10:13pm: The trade is official, per a press release from the Bucks. Milwaukee acquired the draft rights to Dimitrios Agravanis, the 59th overall pick in 2015, from Sacramento in the deal.
1:59pm: The Bucks are dealing little-used big man Robin Lopez to the Kings along with cash considerations, ESPN’s Adrian Wojnarowski reports (Twitter links). He’s expected to be waived by Sacramento and become a free agent.
The cost-cutting move by Milwaukee will open up a roster spot and save it $8.6MM in luxury tax penalties. This trade deadline is the last time teams in the second tax apron are allowed to send out cash in trades, ESPN’s Bobby Marks notes (Twitter links).
Lopez was on a veteran’s minimum salary deal, so Sacramento didn’t have to match a salary or use a traded player exception to pull off the deal. The Kings had an open roster spot to make the trade.
Lopez, 35, has appeared in 16 this season, including two starts, but averaged just 4.1 minutes in those appearances.