Bulls Waive Andrew Bynum

January 7 2014 at 2:14pm CDT By Luke Adams

As expected, the Bulls have waived Andrew Bynum, a league source tells Ken Berger of CBSSports.com (Twitter link). The move comes in advance of today’s guarantee deadline, so Bynum’s cap hit on Chicago’s books will be worth $6MM rather than his full-season salary of $12.25MM.

Bynum was a Bull for less than 24 hours before being cut, having been acquired from the Cavaliers in the trade involving Luol Deng that was finalized late last night. Because Bynum’s contract acts as a midseason expiring deal, Chicago will be able to dip below the luxury tax threshold, saving more than $20MM in total salary and tax payments.

Due to his significant cap figure and less significant recent impact on the court, Bynum will pass through waivers without being claimed, which will free him up to sign with any team besides Cleveland as soon as this week. The 26-year-old is believed to be interested in the Heat and Clippers, though Broderick Turner of the Los Angeles Times suggests (via Twitter) that L.A. is lukewarm about the idea of pursuing the big man. The Knicks are expected to be in the mix as well.

It’s unlikely that Bynum will draw more than minimum-salary offers, but if he does, Miami could be well positioned, since the Heat have yet to use their mid-level exception this season.

14 thoughts on “Bulls Waive Andrew Bynum

          1. no chance we can move him in a trade unless we accompany him with a draft pick…and we arent releasing Joel

          2. Joel ain’t doing nothing sitting on the bench plus the Oden project could fail. If the Heat gets Bynum It will be more than a backup plan

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