The Golden State Warriors have waived Shaun Livingston, who intends to continue his playing career.

Livingston will be 34 before the start of the season.

The Warriors will use the waive and stretch provision to spread the $2 million guarantee on Livingston's $7.7 million salary.

The waive and stretch spreads $666,000 per year over three years to keep the Warriors under the $138.9 million tax apron.