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Report: Eastern Conference Team Front-Runners To Sign Ex-Cav Richard Jefferson

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Earlier last week, in a move to clear some up some roster spots and cap space, the Cleveland Cavaliers traded both Kay Felder and Richard Jefferson to the Atlanta Hawks, much to the dismay of some Cleveland fans.

The Hawks, who are currently rebuilding after losing Paul Millsap to the Denver Nuggets this offseason, retained the services of the 22-year-old Felder, who could become a good rotation piece off the bench for them. However, as many expected, Atlanta immediately waived Richard Jefferson, who turned 37 this past June.

Jefferson has been searching for a contending team that he can sign with for maybe one more shot at a title ever since being waived, but a team that isn't necessarily in the championship picture are in serious talks with the small forward, per Adrian Wojnarowski.

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The Milwaukee Bucks have emerged as serious suitors in the pursuit of forward Richard Jefferson, league sources told ESPN.com.

No agreement has been reached, but the Bucks and Jefferson, 37, have mutual interest in a possible deal once he clears waivers Monday, league sources said.

The Bucks only recently waived forward Gerald Green on Saturday, which coincidentally freed up a roster spot for a potential Jefferson signing.

In terms of salary, Jefferson's minimum veterans' salary is worth $2.3 million, with a $1.5 million salary cap hit. The Bucks are $2.5 million under the luxury tax threshold, meaning if they were to sign RJ, Milwaukee would be a smidgeon over the luxury tax -- $5,000.

A move to Milwaukee would actually make sense for Jefferson, as he and current Bucks coach Jason Kidd have history together, playing alongside one another for the Nets back in the early 2000's, even making the NBA Finals on two occasions. Jefferson has also played for the Bucks previously in his career back in 2009-09, averaging a respectable 19.6 points per game for them.