NBA Transactions 2011: Derrick Rose Wowed By Max Extension

The Bulls and Derrick Rose agreed to terms on a max extension.

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Keith Bogans Released: Chicago Bulls Part Ways With 8-Year Guard

The Chicago Bulls have released G Keith Bogans according to Steve Aschburner of NBA.com.

With the recent signing of G Richard Hamilton, the Bulls' need for Bogans had largely diminished. Bogans, signed as a free agent in August of 2010, played in one season with the Bulls, tallying 4.4 points per game and just 1.8 rebounds per game.

On Wednesday, the Bulls signed Richard "Rip" Hamilton to a 2-year, $10 million contract, effectively reducing Bogans's role to marginal at best. The eight-year veteran, who was already a bench player, averaged 17.8 minutes played per game.

The Bulls will be in action tonight, kicking off the 2011 NBA Preseason against the Indiana Pacers on WGN.

For updates on free agent moves, stay tuned to SB Nation Chicago. For in-depth coverage of the Bulls, visit Blog a Bull. For up-to-the-minute coverage of all of the key personnel moves, check out the SB Nation NBA free agency StorySteam.

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The Chicago Bulls Officially Announce The Signing Of Shooting Guard Richard Hamilton

Former Detroit Pistons stalwart Richard Hamilton has a new home: he'll join the Chicago Bulls, thanks to a 2-year, $10 million contract that includes a team option for a third season. Hamilton is expected to take over for Keith Bogans as the team's starting shooting guard.

Hamilton-to-the-Bulls has been the worst kept secret in sports the last few weeks, but that didn't stop the veteran from keeping fans guessing on Twitter. On Tuesday, Hamilton tweeted that he was down to three teams, even if all signs pointed to him signing with Chicago all along. Now it's official. 

Hamilton isn't the flashy splash some Chicago fans wanted, but he's unquestionably an upgrade over Bogans. The 33-year old boasts career averages of 17.7 points per game, 3.5 assists per game and 3.2 rebounds per game. Hamilton is known for his work ethic and propensity to run around the court. He should be a seamless fit for Tom Thibodeau's Bulls.

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