Livingston, who will be 34 before the start of next season, joins a free-agent market that is full of contending teams searching for savvy, championship-hardened veterans to fortify benches.
Livingston, a versatile 6-foot-7, has shown himself to be one of the league’s savviest players and strongest locker room presences.
The Warriors will use the waive-and-stretch provision to spread the $2 million guarantee on Livingston’s $7.7 million salary for 2019-20 over three seasons, sources tell ESPN’s Bobby Marks.
The waive and stretch — spreading $666,000 over three years — keeps Golden State slightly under the $138.9 million tax apron.
Livingston averaged 15 minutes a game over the past two seasons with the Warriors, where he spent the past five seasons.