CHICAGO — With the Bulls remaining silent thus far in free agency they chances that they remain in-house to create depth are running high. Evidence of that was the presence of Keith Bogans on the practice floor today. Bogans has a team option on the last year of his contract.
But the dream of having Keith Bogans back was short lived. Not too long after he began practicing, he was yanked of the floor with questions now arising about the Bulls pocketbook and their spending limits.
This leads to two really big stories: one is that Bogans was pulled off the floor because (as we lead into the second story) the Bulls reportedly can’t afford his option.
Now this may explain why the Bulls have been so timid to sign free agents as they have been outbid twice by teams on players they had on their wish lists. But Bogans contract is more about it being non-guaranteed and the $1.73 million option is above the league minimum. Bogans wasn’t happy about the decision and it means the Bulls will have to decline the option making Bogans a free agent.
He can still come back to Chicago, the Bulls just can’t bring him back under his current deal.
The Bulls are still in the market for a shooting guard to offensively compliment Derrick Rose without sacrificing defense. Chicago is still in contact with free agent guards Jason Richardson, Jamal Crawford and Vince Carter who was waived by Phoenix today. Gilbert Arenas was waived by the Orlando Magic as well and the Bulls may very well look his way too.