The headline says it all. Spencer Hawes, the last remaining part of the famed Miles Plumlee salary dump trade (that also brought back Roy Hibbert), seems to be on the way out of Milwaukee.
Cutting Hawes and stretching his salary was widely considered to be the easiest way for the Milwaukee Bucks to get under the luxury tax. As mentioned by Frank Madden on a recent episode of Locked On Bucks, waiving Gary Payton II would still leave the team roughly $50k short of the luxury tax line, while waiving Hawes would give them significantly more wiggle room.