The Phoenix Suns are waiving guard Leandro Barbosa, generating greater salary-cap flexibility in pursuit of young players and future draft assets this summer, league sources told ESPN.
Waiving Barbosa, a longtime fan favorite on his second tour with the franchise, saves the Suns $3.2 million, pushing Phoenix's space to $10 million. The Suns could expand their salary-cap space to $25 million should they renounce restricted free-agent center Alex Len.
If Barbosa, 34, clears waivers, he is sure to become a sought-after veteran player among NBA contenders on the free-agent market.