The Milwaukee Bucks have officially re-signed free agent guard George Hill and waived former Badger Jon Leuer.
The team said Tuesday that Hill, who was acquired from Cleveland in December in a five-player, three-team trade, will return on a three-year deal.
"George is a consummate pro and an important part of our team," said Bucks general manager Jon Horst. "His veteran leadership and steady guard play were instrumental to our success last season, both during the regular season and the playoffs. We are thrilled to have him back with the Bucks."
Hill, 33, average 6.8 points, 2.6 rebounds and 2.1 assists over 47 games with the Bucks last season. He also played in all 15 of Milwaukee's playoff games, averaging 11.5 points on 53.4% shooting in just more than 26 minutes per game.
The Bucks finished 60-22 last season for the NBA's best record and their first 60-win season since 1980-81. The Bucks lost to Toronto in the Eastern Conference finals.
Hill has played 11 seasons in the NBA, including stints with the Spurs, Pacers, Jazz, Kings and the Cavaliers. He was the 26th overall pick by San Antonio in the 2008.
Leuer was acquired in a trade with the Detroit Pistons on the eve of last month’s NBA draft. Milwaukee sent Tony Snell and the 30th overall pick to Detroit.
Leuer’s salary called for him to receive $9.5 million this upcoming season. Milwaukee stretched Leuer’s contract and will pay him about $3.2 million each of the next three seasons.
The move was expected for salary cap reasons.