Bucks sign veteran guard Kyle Korver

Cleveland-Cavaliers-guard-Kyle-Korver-(26)-waves-to-the-crowd-after-being-honored-in-the-first-half-of-an-NBA-basketball-game-against-the-Atlanta-Hawks,-Friday,-March-3,-2017,-in-Atlanta.-(Brett-Davis/AP)

Cleveland Cavaliers guard Kyle Korver waves to the crowd. (Brett Davis/AP)

MILWAUKEE — The Milwaukee Bucks have added veteran guard Kyle Korver.

The team announced the signing Thursday. The 38-year-old guard was waived July 7 by Phoenix — which acquired him in a trade with Memphis — making him a free agent.

Korver had been traded to Memphis by Utah, where he played most of last season.

Korver appeared in a combined 70 games with the Cavaliers and Jazz last season, averaging 8.6 points, 2.3 rebounds and 1.2 assists and shooting 39.7% from 3-point range. The 2015 All-Star ranks third among all active NBA players in 3-point field goal percentage (42.9) and ninth in NBA history.

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