The Chicago Bulls know what it's like to pay Richard Hamilton $5 million per season, and they reportedly don't plan on doing it for a third consecutive year.
According to CBS Sports' Ken Berger, the Bulls will waive Hamilton before the guarantee kicks in for his 2013-14 salary on July 10:
Chicago will still have to pay Hamilton a $1 million buyout clause. The final year of his three-year, $15 million became fully guaranteed if the Bulls did not waive him by the end of the league's moratorium period on transactions. There is no word on when Chicago will waive Hamilton, though the move could be imminent.
Signed by the Bulls after the NBA's lockout ended in December of 2011, Hamilton was expected to be a bargain purchase who would help lead the team to title contention. Instead, Hamilton's two-year stint in the Windy City was one marred by disappointment, injuries and (eventually) trade rumors.
Hamilton played in only 28 regular-season games during his first year in Chicago, struggling through nagging injuries and a lessened role. He finished the season scoring only 11.6 points per game, his lowest f ...
Read Full Article at Bleacher Report - NBA
Article written by Tyler Conway
Chicago Bulls Reportedly Will Waive Rip Hamilton
July 2nd, 2013 by Tyler Conway Leave a reply »
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