Shaun Livingston not planning to retire after being waived by Warriors

TORONTO ONTARIO- MAY 30 Shaun Livingston #34 of the Golden State Warriors warms up before Game One of the 2019 NBA Finals against the Toronto Raptors at Scotiabank Arena

Senior NBA Insider Adrian Wojnarowski announced the move in a tweet Tuesday evening.

According to Adrian Wojnarowski of ESPN, savvy veteran guard Shaun Livingston's time with the team will come to an end, as Golden State has chose to waive him. He is guaranteed $2 million of his $7.7 million salary in 2019, but the team will stretch out this $2 million over three years, according to Warriors writer Anthony Slater of the Athletic.

Livingston was drafted fourth overall in the 2004 NBA Draft by the LA Clippers.

Perhaps surprisingly, this does not mark the end of Livingston's basketball career, as Woj brings word that he wants to continue trying to play.

More news: Women's national soccer team parades through NYC's 'Canyon of Heroes'

Livingston, 34, still has intentions of playing at least one more season, which would be his 16th year in the league.

The waive-and-stretch - spreading $666,000 over three years - keeps Golden State slightly under the $138.9 million tax apron. During his time with the Warriors, Livingston helped the team win an NBA record 73 games in 2015 and reach five NBA Finals, winning three.

A serious knee injury cost him the entire 2007-08 season.

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