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.
Miami will pounce on him.
who are we getting rid of in that instance? I dont see anyone that is worth cutting
how about Joel Anthony?
and how are we getting rid of Joel Anthony’s contract?
either trade for picks or release him
no chance we can move him in a trade unless we accompany him with a draft pick…and we arent releasing Joel
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
do you know how much Joel is making this year and next year? The Heat arent just going to eat that
If they want to 3-peat to hold James & Wade together then yes
Fuck the Miami heat
Him and Oden – average playing time, 5 min