Tim Duncan’s parting gift for retiring after 19 years and five NBA championships?
Getting waived.
MORE: 2016 Free Agency Tracker
The Spurs waived their franchise player on Monday following his retirement, according to ESPN.
Among the more emotional aspects of Tim Duncan Day: Sources say San Antonio had to officially waive him Monday for salary-cap reasons #rough
— Marc Stein (@ESPNSteinLine) July 12, 2016
Don’t worry, though, it’s better this way for Duncan. By waiving him, the team can pay him the remaining $6.3 million he’s guaranteed on his current deal, assuming he clears waivers. The Spurs can either pay it all at once, or spread it out over three seasons.
Either way, it’s a nice parting gift for the two-time MVP who helped make the franchise one of the most decorated in the NBA.