Richard Hamilton was officially waived by the Detroit Pistons today. He is expected to sign a 2yr/$10M contract with the Bulls Wednesday

Pistons Waive Richard Hamilton; Expected to Sign With Bulls

CHICAGO — It’s been a busy few days for the Chicago Bulls who have been virtually silent since the offseason began Friday. The Bulls haven’t been the free spenders they were last year, and instead have stayed focused on their top two priorities this offseason. Now it seems that both of those priorities — both of which have become obvious moves — have been taken care of.

The first of which was the extension of Derrick Rose’s contract. Although nothing has been officially announced, Pippen Ain’t Easy has learned that the deal is over a five year period and is worth roughly $94 million.

The second was to address the glaring need for a scoring compliment to the Bulls superstar. The lack of a scoring threat at the shooting guard position plagued the Bulls last season and was a large contributor to their ugly exit from the playoffs. The names are plentiful but the Bulls have narrowed in on not a free agent, but a player who was already on an NBA roster.

The Detroit Pistons and Richard Hamilton have had a long history together with Hamilton playing a large role in returning a championship to the Motor City. But in recent years management and Hamilton have clashed, bickering over trade decisions and playing time with Hamilton ultimately getting benched for the large part of a seven week stretch last year.

They made it clear they wanted to waive the veteran and they have now made it official. Ever since Gar Forman got a whiff that Hamilton was going to hit the market, he called up his agent and worked out the framework of a deal that would keep Hamilton in Chicago through next season.

“We thank Richard Hamilton for his time here with the Pistons organization,” Pistons President Joe Dumars said in a released statement. “Rip was a champion with us and a big part of our success over the last nine years. We wish him all the best in the future.”

Hamilton is set to make $5 million a year over the next to years should he sign with the Bulls, something is pretty much a done deal.

Having Richard Hamilton at the shooting guard position benefits everyone involved. The Pistons get to get rid of him and give his playing time to ex-Bull Ben Gordon. Hamilton gets to leave the dysfunctional situation in Detroit and the Bulls get their shooting guard and a veteran with championship experience.

Hamilton is yet to announce the singing of a deal with the Bulls and there is no word out of the Bulls front office yet, but the news is expected to be announced soon. The Chicago Tribune is reporting that the deal will be announced Wednesday and Pippen Ain’t Easy is reporting that it will most likely jointly announcement with the extension of Derrick Rose’s contract.

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