Veteran NBA guard Richard Hamilton completed his buyout with the Detroit Pistons, has cleared waivers, and will now sign a two-year, $10 million deal with the Chicago Bulls that will be finalized on Thursday, according to K.C. Johnson of the Chicago Tribune. Here is exactly what he had to say:
#Bulls practice on Thursday after 2/$10M deal is finalized.Rip has cleared waivers. Sounds like he'll be at
The Detroit Pistons agreement to a buyout of the remaining two-years and $25 million left on Hamilton's contract, freeing up the veteran to slide in at shooting guard next to Derrick Rose and give the Bulls a bit more offensive firepower than Keith Bogans offered in 2010-11. Signing Hamilton to a mid-level exception deal, which pays approximately $5 million in annual salary, will limit the Bulls' exposure to the penalties of the NBA luxury tax system.
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