Report: Smith drawing interest from Bucks, but not close to buyout with Cavs

The Milwaukee Bucks have interest in Cleveland Cavaliers guard JR Smith, sources told The Athletic's Joe Vardon. However, the Cavs and Smith are not close on a buyout agreement, according to the report.

Smith and the Cavaliers cut ties on Nov. 20, but he still remains on the team's roster. He'd be willing to give back about $1 million of what he's currently owed in a buyout scenario, but nothing more, according to Vardon.

The 33-year-old would need to agree to a buyout, clear waivers, and sign with a team before March 1 in order to qualify for postseason eligibility. Smith's current contract guarantees him $3.9 million next season but grows to $15.7 million if he isn't waived on or before June 30.

Smith played just 11 games this season for Cleveland, shooting a career-low 34.2 percent from the field.