1:37pm: Hinrich's two-year deal will pay him roughly $8MM, says K.C. Johnson of the Chicago Tribune. In that case, Hinrich will receive more than $3.09MM in year one, meaning the Bulls are using their full mid-level exception, hard-capping their 2012/13 team salary at about $74.3MM.
JULY 23RD, 12:33pm: The Bulls have officially signed Hinrich, the team announced today in a press release. Since Chicago couldn't work out a sign-and-trade with Atlanta, the deal is expected to consume the team's full taxpayer mid-level exception.
JULY 8TH: The Bulls have reached a verbal agreement on a deal with free agent guard Kirk Hinrich, reports K.C. Johnson of the Chicago Tribune (via Twitter). While details are still being finalized, Hinrich is expected a receive a two-year, $6MM contract from the Bulls. Hinrich returns to the franchise that drafted him in 2003 after spending parts of the last two seasons with the Wizards and Hawks.
By adding Hinrich to their backcourt, the Bulls have given themselves more stability at the guard position with Derrick Rose on the shelf for at least a portion of the upcoming season. The former Kansas star averaged 6.6 PPG and 2.8 APG in 48 games during the 2011/12 season.
Love the fact that Kirk is coming back. This is exactly what the Bulls needed!
Great signing. He can start while rose is out and move to sg once rose is back.
Now they can let CJ and brewer go and pick up korvers option and match asik’s offer sheet
All 4 of those guys will be gone.
Hinrich isn’t good.. why are people happy about this?
trust me no one is happy about this, it could be worse but it could have been a to better. This is a typical play it safe signing from pax and gar…in all reality he is a back up, he will be replaced by teague(again ahah) by seasons end
Im not crazy against the Hinrich deal considering in all reality its for a stop gap PG, honestly he wont start all the games until derek comes back, my guess is mid season Teague is starting. He is a stop gap/ back up PG who can pass, defend and hit 3’s and a back up SG this whole thing is fine but at the same its all the same retread stuff the gar/pax has done their entire time as a front office. Yeah he got rose but come on the #1 pick is 99% the easiest pick to make and even easier when that kid is from your city! Its a safe move right when they needed to take a risk. Its time for this “core” to move on, trade deng, noah, and if you can rip and boozer for picks, any picks, and truly rebuild around rose….