Bulls Free Agency 2012: C.J. Watson Says Goodbye To Chicago

MIAMI, FL - APRIL 19: C.J. Watson #7 of the Chicago Bulls posts up Mario Chalmers #15 of the Miami Heat during a game at American Airlines Arena on April 19, 2012 in Miami, Florida. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and/or using this Photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Mike Ehrmann/Getty Images)

The Chicago Bulls have decided to let go of C.J. Watson, leaving a hole at point guard while Derrick Rose recovers from a knee injury.

With the drafting of rookie PG Marquis Teague and the signing of combo guard Kirk Hinrich, it became no secret that C.J. Watson's time as a member of the Chicago Bulls was likely over. Late Tuesday night, Watson confirmed as much, tweeting that he was "clos[ing] one chapter" and "open[ing] another."

The Bulls had an option on Watson for next season that would've paid the guard $3.7 million, but they've declined to pick it up as the team tries to stay under the luxury tax line. Watson put up a 13.3 PER last season as Chicago's first guard off the bench and as their starting point guard while Derrick Rose was injured.

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